Wednesday 10 February 2016

Sensex Plunges Over 250 Points; Nifty Ends Below 7250

Posted by suhani varma on Wednesday, February 10, 2016 with No comments

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The Indian stock market closed fall for the third consecutive session. The broader Nifty fell 1.05%, while the benchmark Sensex lost 1.09%. The BSE Sensex opened at 23,938, touched an intra-day high of 23,938.3 and low of 23,779. It finally ended with a loss of 262 points at 23,758.

The NSE Nifty opened at 7,264 hitting a high of 7,272 and low of 7,178, before ending with a loss of 83 points at 7,216. The India VIX (Volatility) index was up 3.39% to 22.4650.  Out of 1,788 stocks traded on the NSE, 1,113 declined and 430 advanced today.

On the global front, China's Shanghai Composite index closed down 0.62%. In Europe, the FTSE 100 up 1%. On the other hand, DAX and the CAC 40 were trading up 2% respectively. HCL Tech, BPCL, Power Grid, Coal India, UltraTech Cement, Grasim and L&T were among the gainers on NSE, whereas PNB, Tata Motors, Cairn India, Bank of Baroda, SBI, Hindalco, IndusInd Bank were among the losers today.

The Indian Rupee was trading with a gain of 4 paise at 67.86 per US dollar. The broader markets performed weak with the BSE mid-cap index falling 0.95% and small-cap shedding 1.42%.

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