Wednesday, 15 August, 2018

Sensex falls 550 points, Nifty near 10400 in opening trade

Bears ain't giving up! Sensex cracks over 500 points Nifty dips below 10,400 Market breadth indicating the overall health of the market was significantly negative. Image source Reuters
Orlando Vargas | 10 February, 2018, 03:42

The wider Nifty50 of the National Stock Exchange (NSE) closed higher by 100.15 points or 0.96 per cent at 10,576.85 points. In morning trade, Sensex had lost more than 500 points to hit the intra-day low of 33,849.65.

"Global carnage center-staged in the morning as the United States markets closed at record lows of 1,000 points down on Dow Jones". On Thursday, the Sensex had risen almost 1 per cent, snapping seven sessions of fall. Rising global rates are likely to impact the flow of funds to riskier assets like emerging markets, " Lakshmanan added. The increasing volatility in the market has spread fears of rising inflation which will ultimately result in frequent United States central bank rate hikes. The main reason for the fall in the market is due to the tumbling of Asian markets which witnessed the worst fall of two months earlier in the day after Wall Street suffered yet another significant slide.

Yes Bank and ICICI Bank plunged by 2.84 per cent and 2.33 per cent, respectively.

"The 10-year-bond yield fell from yesterday's high of 7.61 per cent to 7.49 per cent and rupee strengthened which is positive for investors", Nair said. Among the secondary indices, the S&P BSE Mid-Cap index shed 0.09per cent.

Liam Miller Passes Away, Aged 36
FORMER Manchester United star Liam Miller has tragically died at the age of 36 after a short-term battle with pancreatic cancer. The midfielder made his professional debut for Celtic in 2000 and won an SPL title with the Scottish club in 2004.


Apply online for NEET by March 9
It has also not specified the list of countries or medical colleges overseas where NEET scores would be required for admission. Candidates who wish to apply for CBSE NEET examination must have the age limit of 17 years old on or before 31 December 2018.


Pelosi Likes Spending Bill, Won't Vote For It
Without a commitment from Speaker Ryan comparable to the commitment from Leader McConnell, this package does not have my support". House Minority Leader Nancy Pelosi made a record-long speech speech against the House spending bill Wednesday, February 7, 208.


On the other hand, Tata Motors, NTPC, Power Grid Corp, ONGC were down about one percent. About 1,400 shares advanced against 1,358 declining shares on the BSE.

While metal, realty, power and consumer durables ended higher.

The Shanghai Composite index too fell 4.23% at 3,123.95 and the Singapore-based SGX Nifty index was at 10,420.00 points, down 1.34%.

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