At 9:18AM, the S&P BSE Sensex is trading at 27,425 down 416 points, while NSE Nifty is trading at 8,291 down 87 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading down at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are losers.
Tata Motors, Tata Power, ONGC, L&T, Bharti Airtel, Infosys, GAIL, ICICI Bank, BHEL, ,SUNPHARMA,TATASTEEL, Reliance, Hindalco, HDFC Bank, Axis Bank, HUL are losing sheen on BSE.The Cabinet has cleared second generation (2G) spectrum auction in the 800 MHz, 900 MHz and 1800 MHz bands at a reserve price set by the Telecom Commission. The auction, which will take place next month, is expected to fetch nearly Rs64,800 crore to the government.
The Union Finance Minister Arun Jaitley said that the present Government has taken number of bold steps like Goods and services Tax (GST). He said that the new Land Acquisition act that was passed by the previous regime had stalled development. He said that the present Government has taken necessary steps to change this Act so as to revive infrastructure growth.
The Euro has come tumbling to 9-year low vs the dollar. Worries that Greece may exit the euro zone are fuelling the weakness. US indices came down with Dow and S&P 500 dropping over 1.8% each. Nasdaq saw a fall of over 1.5%.
Ditto for Asian shares where Japan's Nikkei has crashed by over 2%. Hong Kong's Hang Seng is down 0.75% while China's Shanghai index is flat.
According to reports, BMC hadditional property tax of 20% to make up for the loss of calculating the tax on the carpet area instead of built-up area.
- See more at: http://www.indiainfoline.com/article/news-top-story/crash-sensex-falls-by-over-400-points-at-start-115010600029_1.html#sthash.mjCLZY9T.dpuf
The BSE Mid-cap Index and BSE Small-cap Index was trading down at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are losers.
Tata Motors, Tata Power, ONGC, L&T, Bharti Airtel, Infosys, GAIL, ICICI Bank, BHEL, ,SUNPHARMA,TATASTEEL, Reliance, Hindalco, HDFC Bank, Axis Bank, HUL are losing sheen on BSE.The Cabinet has cleared second generation (2G) spectrum auction in the 800 MHz, 900 MHz and 1800 MHz bands at a reserve price set by the Telecom Commission. The auction, which will take place next month, is expected to fetch nearly Rs64,800 crore to the government.
The Union Finance Minister Arun Jaitley said that the present Government has taken number of bold steps like Goods and services Tax (GST). He said that the new Land Acquisition act that was passed by the previous regime had stalled development. He said that the present Government has taken necessary steps to change this Act so as to revive infrastructure growth.
The Euro has come tumbling to 9-year low vs the dollar. Worries that Greece may exit the euro zone are fuelling the weakness. US indices came down with Dow and S&P 500 dropping over 1.8% each. Nasdaq saw a fall of over 1.5%.
Ditto for Asian shares where Japan's Nikkei has crashed by over 2%. Hong Kong's Hang Seng is down 0.75% while China's Shanghai index is flat.
According to reports, BMC hadditional property tax of 20% to make up for the loss of calculating the tax on the carpet area instead of built-up area.
- See more at: http://www.indiainfoline.com/article/news-top-story/crash-sensex-falls-by-over-400-points-at-start-115010600029_1.html#sthash.mjCLZY9T.dpuf
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