Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Sensex cracks below 37,000-mark, tanks 531 points on FPI worries; Kashmir issue spooks investor sentiment
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Sensex cracks below 37,000-mark, tanks 531 points on FPI worries; Kashmir issue spooks investor sentiment

Sensex cracks below 37,000-mark, tanks 531 points on FPI worries; Kashmir issue spooks investor sentiment

FP Staff • August 5, 2019, 11:47:39 IST
Whatsapp Facebook Twitter

Sensex was trading 531.94 points or 1.43% lower at 36,586.28; and the broader Nifty fell 171.05 points, or 1.56% to 10,826.30 in morning session

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Sensex cracks below 37,000-mark, tanks 531 points on FPI worries; Kashmir issue spooks investor sentiment

The equity benchmarks were on a weak note during early hours on Monday mainly due to negative global cues. BSE Sensex fell over 531 points to trade below 37,000-mark in early trade on Monday following persistent foreign fund outflows amid negative global cues. At 10.15 am, the BSE S&P Sensex was down 566 points at 36,552 while the Nifty 50 slipped 160 points to 10,289. At the NSE, all sectoral indices were in the red with Nifty PSU banks down by 4.3 percent, metal by 3.2 percent and realty by 1.7 percent. Among stocks, Yes Bank took a massive 8 percent drop to trade at Rs 81.30 per share. Tata Motors was down by 5.6 percent, JSW Steel by 5.3 percent, State Bank of India by 4.9 percent and Vedanta by 4.6 percent. Kashmir issue also spooked investors’ sentiment after the authorities stepped up security at vital installations and in sensitive areas, suspended mobile internet services and either “arrested” or “detained” several leaders in fast-paced developments on Sunday night. The 30-share index was trading 531.94 points or 1.43 percent lower at 36,586.28; and the broader Nifty fell 171.05 points, or 1.56 percent, to 10,826.30 in morning session.

#MarketSellOff | Sensex now down nearly 600 points; The index has shed around 4,000 points from record high pic.twitter.com/fbLJzAtFJN

— CNBC-TV18 (@CNBCTV18Live) August 5, 2019

In the Sensex pack, Yes Bank, Tata Motors, Vedanta, SBI, Tata Steel, Power Grid, ICICI Bank, ONGC, Reliance and Maruti, were among the major losers, falling up to 8.49 percent. On the other hand, TCS, Infosys, Bharti Airtel and HDFC were trading in the green. In the previous session, the 30-share BSE Sensex rose 99.90 points or 0.27 percent to settle at 37,118.22. Similarly, the broader NSE Nifty gained 17.35 points or 0.16 percent to end at 10,997.35.

#MarketSellOff | Nifty now well within the red territory for the year, down 0.4% YTD; As of today, the index has breached 10,800 mark for the first time since February 27, 2019 pic.twitter.com/04DRNu9gK2

— CNBC-TV18 (@CNBCTV18Live) August 5, 2019
More from Business
Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

On a net basis, foreign institutional investors sold equities worth Rs 2,888.06 crore, provisional data available with stock exchanges showed on Friday. [caption id=“attachment_6956291” align=“alignleft” width=“380”] ![Representational image. Reuters.](https://images.firstpost.com/wp-content/uploads/2019/07/Sensex_Drop_380.jpg) Representational image. Reuters.[/caption] “FPIs withdrew more than they invested as the US-China trade war has started brewing again which is not helping investors’ sentiments,” said Harsh Jain, COO at Groww. Further, “the announcement of rate cuts by Fed in the US has evoked confused reactions and added to the uncertainty,” he added. The Reserve Bank of India (RBI) will hold its three-day policy meeting, beginning Monday (5 August). It is widely expected to cut the benchmark interest rate for the fourth time in a row to boost the economy at a time when key indicators are pointing towards a slowdown, experts said. Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the red in their respective early sessions, following intensifying trade war between the US and China. Equities on Wall Street too ended on a negative note on Friday last week. Meanwhile, the rupee depreciated by 86 paise to 70.46 against the US dollar (intra-day). The global oil benchmark Brent crude futures were trading 1.18 percent lower at 61.16 per barrel. --With inputs from agencies

Tags
Sensex Infosys Bharti Airtel Tata Steel TCS Tata Motors ICICI Bank ONGC SBI HDFC Vedanta Reliance Yes Bank Maruti Power Grid Global cues foreign fund outflows mobile internet services RBI meet
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV