Monday, 12 September 2016

Sensex Tumbles Over 400 Points As Realty, Metal Stocks Drag

Posted by suhani varma on Monday, September 12, 2016 with No comments

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The Indian equity market witnessed its biggest one day loss in percentage terms since June 24 on Monday on account of weak global cues, profit booking and a weak rupee further dampened sentiment. The Sensex and Nifty witnessed its biggest one day loss in percentage terms since June 24. The Bank Nifty fell most since April 5, 2016.

Finally, the BSE Sensex ended with a loss of 444 points at 28,354. The BSE Sensex opened at 28,481 and touched an intra-day high of 28,481.11 and low of 28,251. The NSE Nifty closed with a loss of 151 points at 8,716. The NSE Nifty opened at 8,733 hitting a high of 8,747 and low of 8,699.

The BSE Sensex tanked over 500 points, while the Nifty fell below the 8,700 level on the back of heavy selling after revived speculation about a possible US rate hike. The stock market declined most since Britain voted to leave the European Union on June 24.

Markets will remain shut on Tuesday, 13th September on the occasion of Bakri Id, a public holiday. 
Among the 50-stocks of Nifty, Infosys, Tech Mahindra, Wipro, TCS and RIL were among the gainers on NSE, whereas Hindalco, Yes Bank, Tata Steel, Bank of Baroda, Ambuja Cement, Adani Ports, ACC, BHEL, SBI and Tata Power were among the losers today.

The India VIX (Volatility) index was up 15.19% at 13.2400. Out of 1,482 stocks traded on the NSE, 1,245 declined and 185 advanced today. In the broader markets, BSE Midcap and Smallcap indices slumped 2.3%-2.9%.

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