Sensex plunges over 216 points, ends below 32000-mark
Aug 10 2017
The Sensex, which opened at 31,926.14 points, closed at 31,797.84 points - down 216.35 points, or 0.68 per cent from its previous close at 32,014.19 points.
Indian shares fell for a second straight session on Tuesday on the back of selling pressure in banks and oil stocks.
On global front, as per Reuters, Asian shares and United States stock futures slipped and investors piled into havens such as U.S. Treasuries, gold and the yen as tensions on the Korean peninsula escalated, with Pyongyang saying it is considering plans to attack Guam. Meanwhile, the broad based NSE Nifty went down by 70.50 or 0.71% at 9,908.05 with 39 components posting drop.
The NSE 50-share Nifty also traded lower by 62.20 points, or 0.62 per cent, to 9,995.20 at 1100 hours.
Market breadth was in the favour of losers, with about 2 stocks declining to every 1 stock that advanced.
Mid-cap and small-cap fell 1.67 per cent and 1.78 per cent, respectively. "European indices like FTSE 100, DAX and CAC 40 traded lower", said Jasani.
Local stock markets ended lower on Wednesday. At 9.15am, the rupee was trading at 63.70 a dollar, down 0.20% from its Friday's close of 63.58. The BSE MidCap index also lost 1.2%, or 187.12 points.
In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) invested Rs 1,539.82 crore, while domestic institutional investors (DIIs) purchased stocks worth Rs 798.55 crore.
According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, benchmark indices closed in red, with Nifty50 hovering around the 9,900 levels, following weakness in global markets after a flare-up in geopolitical tensions following North Korea's nuclear tests.
Among the BSE sectoral indices, IT suffered the most by falling 0.94 per cent, followed by teck 0.83 per cent.
Adani Ports, ICICI Bank, L&T, Axis Bank, Maruti Suzuki and Bajaj Auto among others were down 1-4 percent while HDFC, Infosys, Kotak Mahindra Bank, Asian Paints, ONGC and NTPC bucked the trend with 0.5-1 percent gains. "Index has recently corrected from 10137 to 9950 zones and if major support of 9928 is broken then short term trend may turn negative".