1. BSE Sensex drops 285 pts in morning trade; NSE Nifty below 8K-level

BSE Sensex drops 285 pts in morning trade; NSE Nifty below 8K-level

Continuing to decline for the fifth consecutive session, the benchmark BSE Sensex fell by over 117 points...

By: | Mumbai | Updated: December 17, 2014 11:38 AM
BSE Sensex fell by over 117 points in early trade today as funds and retail investors engaged in selling activity amid persistent dip in the rupee. PTI

BSE Sensex fell by over 117 points in early trade today as funds and retail investors engaged in selling activity amid persistent dip in the rupee. PTI

Bears continued to cast shadow as the benchmark BSE Sensex extended its overnight crash to drop 284.91 points and Nifty fell below the crucial 8K-level on across the board selling amid mixed Asian cues.

The market was entangled by global uncertainties due to fall in crude oil prices, Russian currency turmoil as well as uninterrupted selling by FIIs.

There is a need of definite trigger for bourses to recoup as investors are looking for the outcome of a crucial US Federal Reserve meeting, a trader said.

The 30-share BSE Sensex resumed lower at 27,724.01 and dipped to 26,483.57, down by 284.91 points, or 1.06 per cent, at 1015 hours.

The NSE 50-share Nifty fell below the crucial 8,000-mark, falling by by 95.50 points, or 1.18 per cent, to quote at 7,972.10.

There was selling across the sectors, led by metal, realty, banking, auto, healthcare, consumer durables, capital goods, power, IT, tech and oil & gas, along with shares from mid-cap and small-cap companies.

Foreign Portfolio Investors sold shares worth a net Rs 1,247.24 crore yesterday, as per provisional data.

Major losers were Cipla (2.72 per cent), Tata Power (2.37 per cent), Sun Pharma (2.16 per cent), Bharti Airtel (2.13 per cent), Hero Moto (1.70 per cent) and Tata Motors (1.65 per cent).  Asian stocks were trading mixed.

Key indices in Indonesia, South Korea, China and Japan rose 0.01-0.99 per cent while those in Hong Kong, Singapore and Taiwan were down by 0.21-0.74 per cent.

 

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