Sensex nosedives 1,000 points, Nifty near 10,144

Mon, 17 Jun 2019

Sensex nosedives 1,000 points, Nifty near 10,144

ANI
11 Oct 2018, 15:55 GMT+10

Mumbai (Maharashtra) [India], Oct 11 (ANI): The Indian stock markets on Thursday opened in red with the Sensex witnessing a slump of 1008 points or 2.9 per cent to 33, 753 and the NSE Nifty 50 Index nosedived 316 points or 3 per cent to 10,144 amid the weak global cues.

The India rupee also touched a new low of Rs 74.46 per dollar plunging by 10 paise at Rs 74.30 per dollar versus previous close Rs 74.20.

Speaking to ANI, market expert Sunil Shah said, "People are now deciding to move their money out of any of the Asset classes as a trade war between the countries across the world is going on. I believe that the implications of the trade war will have an impact on the market in the longer term."

The Indian market indices have shown the downward trend as only 56 shares advanced against a decline of as many as 338 shares, while more than 3,000 shares remained stagnant.

Most of the shares belonging to metals, automobiles, banks, and pharmaceuticals sectors are bearing the maximum pain as the market has turned bearish. Top losers on the Sensex and Nifty include Yes Bank, Vedanta, Indiabulls Housing and Bajaj Finance.

Other Asian Stock Indexes such as Nikkei also plummeted by 4.35 per cent to 22,490.14 points and Shanghai Index is also down by 4.34 percent to 2,607.44.(ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Memphis Sun.

More Information

International

Yemeni citizen who lived in NYC sentenced after trying to join ISIS

NEW YORK, New York - In federal court in Brooklyn, New York, on Friday, Mohamed Rafik Naji was sentenced to ...

Emotional funerals for casualties of First World War

PAS DE CALAIS, France - Relatives of two British soldiers killed during World War I have attended a moving service ...

Libyan National Army attacks military store in Tripoli, 9 dead

TRIPOLI, Libya - At least 9 civilians have died in an airstrike on a military storeroom in the Libyan capital, Tripoli.A ...

Sexual abuse and rape of older persons becoming more prevalent

As the world was marking World Elder Abuse Awareness Day on Saturday, the UN independent human rights expert mandated with ...

Showdown looming in Persian Gulf

Two oil tankers were attacked on June 13 off the coast of Oman, forcing the crew members of one burning ship to ...

United States comes under fire over Iran accusation

RAS AL KHAIMAH, UAE - U.S. allegations that Iran was behind the attack on two oil tankers in the Gulf ...

Business

Abu Dhabi and UAE wealth funds reshuffle du holdings

DUBAI, UAE - The United Arab Emirates government's sovereign wealth fund has taken a controlling interest in Dubai telco, du.The ...

China's most profitable bank settles charges with SEC for $42 million

WASHINGTON DC - The World's largest bank by assets, ICBC, which is also China's most profitable bank, has been hit ...

Ireland bolstering trade opportunities with Tokyo, Seoul

SEOUL, South Korea - An Irish delegation wrapped up a trade mission to Japan and South Korea, in Seoul on ...

U.S. president in bid to save Pennsylvania jobs

WASHINGTON DC - U.S. President Donald Trump on Friday was lobbying Lockheed Martin to keep its Sikorsky helicopter plant in ...

BD chalks up 50th year of manufacturing at Dun Laoghaire

DUBLIN, Ireland - Becton, Dickinson and Company, more commonly known as BD, a leading global medical technology company, marked its 50th anniversary ...

Dollar-buying dominates financial markets on geopolitical concerns

NEW YORK, New York - U.S. stocks fell and the dollar soared on Friday as tensions in the Gulf built up ...

Movie Review

The Amityville Horror (1979) [Blu-Ray]

Amityville Horror (1979) [Blu-Ray]