Monday 12 September 2016

Sensex drops over 400 points

Finally, the BSE Sensex ended with a loss of 444 points at 28,354. The BSE Sensex opened at 28,481 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 to 28,251 on weak global cues.  The Indian stock market declined most since Britain voted to leave the European Union on June 24. The equity market opened lower on Monday tracking weakness in Asia and a plunge in US stocks on Friday on rising prospects that the US Federal Reserve could hike interest rates soon.

 The S&P BSE Sensex is trading at 28,378 down 418 points, while NSE Nifty is trading at 8,726 down 141 points.

The BSE Mid-cap Index is trading down 2.47% at 13,016 whereas BSE Small-cap Index is trading down 1.65% at 12,649.

Infosys, Delta Corp, Balkrishna Industries, ICRA, Tech Mahindra and Redington are among the gainers, whereas ICICI Bank, Tata Motors, Axis Bank, Tata Steel and M&M are losing sheen on BSE.

Some buying activity is seen in IT and teck sectors, while realty, metal, auto, capital goods, banking power and finance sectors are showing weakness on BSE.

The INDIA VIX is up 14.30% at 15.1225. Out of 1,861 stocks traded on the NSE, 1,303 declined, 283 advanced and 275 remained unchanged today.

A total of 27 stocks registered a fresh 52-week high in trades today, while 19 stocks touched a new 52-week low on the NSE.

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