Tuesday, 1 September 2015

Nifty Breaches 7800, Sensex Plunges Over 500 Pts; SBI Falls

Posted by suhani varma on Tuesday, September 01, 2015 with No comments

The market slips further dragged by banks. The Nifty is down 172 points or 2 percent at 7799.30. The Sensex is down 514.91 points or 1.9 percent at 25768.18. About 508 shares have advanced, 1987 shares declined, and 94 shares are unchanged. Bnak Nifty is down 3.7 percent, Capital Goods , Metals slipped 3 percent, Auto Index falls 2.7 percent from previous close.

The market continues to feel the pinch as banks remain under heavy selling pressure. The Sensex is down 337.32 points or 1.3 percent at 25945.77, and the Nifty slips 110.70 points or 1.4 percent at 7860.60. About 576 shares have advanced, 1819 shares declined, and 100 shares are unchanged. HDFC, Axis Bank, L&T, Hindalco and SBI are major laggards while Infosys, TCS, Sun Pharma, NTPC and ONGC are top gainers in the Sensex. The rupee firmed up further by 24 paise to 66.24 against the US currency in late morning deals following sustained bouts of dollar selling by exporters and banks. The rupee opened higher at 66.38 per dollar against yesterday's closing level of 66.48 at the Interbank Foreign Exchange (Forex) market. Globally, the US dollar was lower in early Asian trade as nervous investors look to upcoming data from China and the United States to gauge whether they need to further wind back carry trades, bets in risk assets funded by these currencies.

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