Sensex tanks 256 pts, sinks to lowest turn in dual months

204 views Leave a comment

Mumbai – After holding a day’s breather in special trade event on Wednesday, a benchmark BSE Sensex currently slipped by 256.42 points to a two-month low of 25,610.53 on bearish macroeconomic information even as pale tellurian cues continued to rile domestic investors. This was a sixth tumble in final 7 sessions.

There were uninformed worries over tellurian expansion after commodity prices tumbled to multi-year lows, triggering complicated offered in Asian and European markets. The biggest spoiler for a domestic market, however, was macroeconomic data, that showed that Indian economy is still not out of a woods. Industrial prolongation slackened to a four-month low of 3.6 per cent while sell acceleration inched
adult to 5 per cent, supervision information showed yesterday.



Consequently, a BSE Sensex stayed in a disastrous section by out a day and overwhelmed a low of 25,540.73 before circuitous adult 256.42 points or 0.99 per cent down during 25,610.53,
a weakest shutting given Sep 11. From a 30-share Sensex pack, 22 finished lower. On Wednesday, a index had risen by 123.69 points in a brief special Muhurat trade event on a opening day of the Hindu year Samvat 2072.

The 50-issue NSE Nifty burst next a 7,800-mark by plunging 62.75 points or 0.80 per cent to tighten during 7,762.25.
Intra-day, it hovered between 7,730.90 and 7,775.10. Stock exchanges were sealed yesterday on comment of “Diwali Balipratipada”. For a week, a Sensex mislaid 654.71 points or 2.49 per cent and a NSE Nifty forsaken 192.05 points or 2.41 per cent — their third weekly tumble in a row.

In particular stocks, Vedanta suffered a many on Sensex by descending 4.23 per cent followed by Cipla during 3.76 per cent. Other vital losers enclosed Hindalco, Bajaj Auto, ONGC, TCS, LT, Maruti Suzuki, Tata Motors, ITC, BHEL, Hero MotoCorp, HUL, Lupin, SBI, MM, Wipro and ICICI Bank.

On a other side of spectrum, shares of Coal India emerged tip gainers among Sensex voters by climbing 2.60 per cent, followed by Bharti Airtel 0.89 per cent.

Sectorwise, BSE collateral products index fell a many by losing 1.97 per cent, followed by automobile (1.61 pc), FMCG (1.50 pc), teck (1.36 pc), IT (1.32 pc), realty (1.31 pc), infra (1.18 pc) and medical (0.94 pc). In step with altogether trend, mid-cap index fell 1.37 per cent, while small-cap strew 0.76 per cent.