1. BSE Sensex sinks over 510 points to end at 226,304.63, NSE Nifty settles at 8,108.45

BSE Sensex sinks over 510 points to end at 226,304.63, NSE Nifty settles at 8,108.45

BSE Sensex opens in red, down by over 248 points at 26,570.34, while NSE Nifty opens 0.93% lower at 8,219.40.

By: | New Delhi | Updated: November 15, 2016 3:38 PM
BSE Sensex, NSE Nifty BSE Sensex opens in red, down by over 248 points at 26,570.34, while NSE Nifty opens 0.93% lower at 8,219.40. (PTI)

3:35 pm Benchmark BSE Sensex fell low by over 510 points to end at 226,304.63, while NSE Nifty slides 2.26% lower to close at 8,108.45.

3:25 pm BSE Sensex was trading low by over 535 points at 26,281.62, while NSE Nifty slides 2.33% lower at 8,103.00.

3:20 pm BSE Sensex was trading low by over 550 points at 26,268.06, while NSE Nifty slides 2.43% lower at 8,094.90.

3:15 pm BSE Sensex was trading low by over 505 points at 26,312.50, while NSE Nifty slides 2.19% lower at 8,114.25.

3:10 pm BSE Sensex was trading down by over 500 points at 26,318.58, while NSE Nifty slides 2.23% lower at 8,111.50.

3:00 pm BSE Sensex was trading down by over 450 points at 26,368.72, while NSE Nifty slides 1.95% lower at 8,134.25.

2:50 pm BSE Sensex was trading down by over 420 points at 26,396.86, while NSE Nifty slides 1.92% lower at 8,137.30.

2:15 pm BSE Sensex was trading down by over 310 points at 26,504.73, while NSE Nifty slides 1.58% lower at 8,164.95.

2:00 pm BSE Sensex was trading down by over 382 points at 26,435.83, while NSE Nifty slides 1.80% lower at 8,147.25.

1:50 pm BSE Sensex was trading down by over 360 points at 26,457.85, while NSE Nifty slides 1.70% lower at 8,155.20.

1:35 pm BSE Sensex was trading down by over 260 points at 26,556.17, while NSE Nifty slides 1.42% lower at 8,178.60.

1:15 pm BSE Sensex was trading down by over 360 points at 26,448.93, while NSE Nifty slides 1.66% lower at 8,158.75.

1:00 pm BSE Sensex was trading down by close to 400 points at 26,421.33, while NSE Nifty was also down by 1.48% lower at 8,144.35.

12:50 pm BSE Sensex was trading down by over 410 points at 26,405.49, while NSE Nifty was also down by 1.79% lower at 8,147.50.

12:25 pm BSE Sensex was trading down by over 380 points at 26,431.32, while NSE Nifty was down by 1.81% lower at 8,145.95.

12:00 pm BSE Sensex was trading down by over 420 points at 26,396.01, while NSE Nifty was also down by 1.82% lower at 8,145.60.

11:50 am Major losers were Asianpaint 7.53 per cent, Tata Motors 7.33 per cent, Tata Steel 5.29 per cent, HDFC 4.92 per cent, Maruti 4.74 per cent, Adaniports 3.78 per cent, Bajaj Auto 3.10 per cent and HeroMotoco 2.46 per cent.

11:40 am BSE Sensex was trading down by over 425 points at 26,391.22, while NSE Nifty was also down by 2.02% lower at 8,128.60.

11:30 am BSE Sensex was trading down by over 440 points at 26,377.70, while NSE Nifty was also down by 1.79% lower at 8,148.00.

11:00 am BSE Sensex was trading down by close to 320 points at 26,499.79, while NSE Nifty was also down by 1.33% lower at 8,185.55.

10:00 am BSE Sensex was trading down by over 320 points at 26,494.80, while NSE Nifty was also down by 1.41% lower at 8,179.70.

9:45 am BSE Sensex was trading down by over 360 points at 26,458.27, while NSE Nifty slips 1.36% lower at 8,183.55.

9:35 am Shares in Tata Motors, owner of British car maker Jaguar Land Rover, fell more than 5 percent in early trade after the company’s quarterly profit missed missed estimates.

9:25 am CORPBANK, SUZLON, BANKBARODA, ONGC and BANKINDIA are top gainers in early morning trade.

OPENING BELL

BSE Sensex opens in red, down by over 248 points at 26,570.34, while NSE Nifty opens 0.93% lower at 8,219.40

PRE-MARKETS

Asia stocks were on back foot in early trade as dollar, Treasury yields rise. Investors braced for higher inflation in the US amid expectations of fiscally expansionary polices under Donald Trump’s presidency. The risks of faster-than-expected Federal Reserve rate increases have dragged on emerging market assets, particularly equities and currencies, which have benefited from large capital inflows. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trades while Australian stocks were off 0.5 percent. US stocks consolidated recent gains with the Dow ending at a record high on Monday while the S&P 500 and the Nasdaq Composite dipped after choppy trading. US stock futures were broadly flat in early trade.

In currency markets, the dollar was trading at 107.88 yen after hitting its highest level in more than five months overnight. It also consolidated near a eleven-month high against basket of currencies hit overnight. The dollar has been on a tear since the shock victory of Trump in the US presidential election on November 8 triggered a massive sell off in Treasuries.

Earlier, sinking to its lowest level in over 4 months, benchmark Sensex on Friday crashed about 699 points, its biggest single-day fall since February 11, to drop below the key 27,000-level on sustained foreign fund outflows combined with weakening trend globally. Besides, the rupee breaching the 67—mark against the US dollar by plunging 59 paise to 67.22 (intra—day) at the forex market too had its bearing.

Offloading of positions by cautious participants ahead of September IIP data, to be released later in the day, also added to weakened sentiment. Investors seemed to be cautious on fears that US President-elect Donald Trump’s planned huge spending policies would be inflationary which may lead to higher US interest rates and dent the appeal of emerging markets, equity brokers said. The Sensex after opening lower at 27,344.85 continued to slide on heavy selling pressure in blue—chips, forcing the index to touch a low of 26,777.18 before settling at 26,818.82, down 698.86 points, or 2.54 per cent, its biggest single-day fall since February 11 when it had lost 807.07. This was the weakest closing since June 29, 2016. The gauge had rallied 265.15 points in the previous session. The 50—share NSE Nifty broke 8,300—mark after plunging 229.45 points, or 2.69 per cent, to 8,296.30, its lowest closing since June 30. For the week, the Sensex dropped 455.33 points, or 1.66 per cent, while the Nifty lost 137.45 points, or 1.62 per cent.

Please Wait while comments are loading...

Go to Top