Sensex drops over 100 points to slip below 37,000 mark

Sensex drops over 100 points to slip bel...

Domestic equity benchmark BSE #Sensex dropped over 100 points to fall below the 37,000 mark on Thursday tracking weak cues from other Asian markets amid concerns of a looming global economic slowdown.

The 30-share index was trading 127.32 points, or 0.34 per cent, lower at 36,933.05. The broader Nifty too fell 44.80 points, or 0.17 per cent, to 10,873.90 in morning trade.

In the previous session, the 30-share Sensex settled 267.64 points, or 0.72 per cent, lower at 37,060.37. The broader NSE Nifty too ended 98.30 points, or 0.89 per cent, down at 10,918.70.

Top laggards in the Sensex pack included Vedanta, Yes Bank, #Bajaj Finance, IndusInd Bank, ONGC, Tata Steel, Sun Pharma, #HDFC Bank and #SBI, which fell up to 3 per cent. While ITC, L&T, HUL, Kotak Bank, TCS and TechM rose up to 1.37 per cent.

Foreign portfolio investors sold shares worth a net of Rs 770.81 crore Wednesday, and domestic institutional investors too purchased shares worth Rs 353.97 crore, provisional data showed.

Besides continued fear of a global economic slowdown, investors are also jittery ahead of the Jackson Hole Symposium, scheduled to begin later in the day, traders said.

The rupee, meanwhile, depreciated 10 #paise against its previous close to trade at 71.66 in early session.

Elsewhere in #Asia, bourses in Hong Kong, Korea, Shanghai and Japan were trading on a negative note in their respective late morning sessions.

While, exchanges on Wall Street ended in the green on Wednesday. Global oil benchmark Brent crude was trading 0.17 per cent lower at 60.20 per barrel.


PostedOn: 22 Aug 2019 Total Views: 112




Finance Commission likely to reject USD ...

Finance Commission likely to reject USD 12 bn pack...

India’s Finance Commission has told the power ministry that its proposal to award utilities 835 billion rupees (USD 11.6 billion) in incentives to install equipment to curb emissions is “unviable,” a senior official at the ministry told Reuters on Tuesday. The ministry submitted it...

20 Nov 2019

Mutual fund AUM rises 7.4 per cent to Rs...

Mutual fund AUM rises 7.4 per cent to Rs 26.33 lak...

Mutual funds' asset base increased to Rs 26.33 lakh crore in October-end, a rise of 7.4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes. The 44-player industry logged an assets under management (AUM) of Rs 24.5 lakh crore in September-end, ac...

08 Nov 2019

BSNL rolls out VRS scheme; expects 70,00...

BSNL rolls out VRS scheme; expects 70,000-80,000 e...

Within days of government approving a relief package for the ailing corporation, state-owned BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings of about Rs 7,000 crore in wage bill. BSNL Chairman and Manag...

06 Nov 2019

Microsoft rolls out new cloud tool for a...

Microsoft rolls out new cloud tool for analysing b...

Microsoft Corp announced on Monday a new service aimed at helping large businesses put to use the huge amounts of data stored in corporate systems. The Azure Synapse system, to be unveiled at an event in Florida, is part of the company’s fast-growing cloud computing unit, which has driven the ...

05 Nov 2019

Sensex, Nifty open on tepid note; Yes Ba...

Sensex, Nifty open on tepid note; Yes Bank rallies...

Market benchmark BSE Sensex retreated from its record peak in early trade on Tuesday as investors booked profits amid positive cues from global equities. After rising over 165 points in opening session, the 30-share index pared all gains to trade 41.28 points, or 0.10 per cent, lower at 40,260.68. S...

05 Nov 2019

IndiGo places order for 300 Airbus plane...

IndiGo places order for 300 Airbus planes

Many of the latest batch of aircraft are not expected to be delivered until mid-way through next decade. IndiGo’s announcement came days after IndiGo reported biggest quarterly loss, with the company hurt by issues surrounding engines from a former supplier on A320neo-family jets already in th...

30 Oct 2019

Sensex jumps over 250 points, crosses 39...

Sensex jumps over 250 points, crosses 39200-mark

Equity benchmark BSE Sensex jumped over 250 points in early trade on Thursday tracking gains in index heavyweights HDFC twins and L&T amid mixed global cues. After hitting a high of 39,327.15, the 30-share index was trading 143.09 points, or 0.37 per cent, higher at 39,201.92 in the morning trad...

24 Oct 2019

Indian external storage market valued at...

Indian external storage market valued at USD 101.8...

In a new analysis released by the Intelligence Data Corporation’s ‘Quarterly Enterprise Storage Systems tracker’, India’s external storage market witnessed a growth of 16.4 per cent Year-over-Year (YoY) by vendor revenue and stood at USD 101.8 million in the 2nd Quarter of 20...

24 Oct 2019