Sensex drops over 100 points to slip below 37,000 mark on weak cues from Asian markets; Vedanta, Yes Bank among top losers
In the previous session, the 30-share Sensex settled 267.64 points, or 0.72%, lower at 37,060.37.
-
Besides continued fear of a global economic slowdown, investors are also jittery ahead of the Jackson Hole Symposium
-
Foreign portfolio investors sold shares worth a net of Rs 770.81 crore Wednesday
-
Bourses in Hong Kong, Korea, Shanghai and Japan were trading on a negative note in their respective late morning sessions
Mumbai: Domestic equity benchmark BSE Sensex dropped over 100 points to fall below the 37,000 mark on Thursday tracking weak cues from other Asian markets amid concerns of a looming global economic slowdown.
The 30-share index was trading 127.32 points, or 0.34 percent, lower at 36,933.05. The broader Nifty too fell 44.80 points, or 0.17 percent, to 10,873.90 in morning trade.
#CNBCTV18Market | Market opens in the red; Sensex slips below 37,000 & Nifty 11,000
For more LIVE updates, log on to https://t.co/sehotT7Xwv pic.twitter.com/lWEuSrEBab
Related Articles
— CNBC-TV18 (@CNBCTV18Live) August 22, 2019
In the previous session, the 30-share Sensex settled 267.64 points, or 0.72 percent, lower at 37,060.37. The broader NSE Nifty too ended 98.30 points, or 0.89 percent, down at 10,918.70.
Top laggards in the Sensex pack included Vedanta, Yes Bank, Bajaj Finance, IndusInd Bank, ONGC, Tata Steel, Sun Pharma, HDFC Bank and SBI, which fell up to 3 percent.
ITC, L&T, HUL, Kotak Bank, TCS and TechM rose up to 1.37 percent.
Representational image. Reuters.
Foreign portfolio investors sold shares worth a net of Rs 770.81 crore Wednesday, and domestic institutional investors too purchased shares worth Rs 353.97 crore, provisional data showed.
Besides continued fear of a global economic slowdown, investors are also jittery ahead of the Jackson Hole Symposium, scheduled to begin later in the day, traders said.
The rupee, meanwhile, depreciated 10 paise against its previous close to trade at 71.66 in early session.
Elsewhere in Asia, bourses in Hong Kong, Korea, Shanghai and Japan were trading on a negative note in their respective late morning sessions.
While, exchanges on Wall Street ended in the green on Wednesday.
Global oil benchmark Brent crude was trading 0.17 percent lower at 60.20 per barrel.
also read
End of Work from Home? Are TCS employees being forced to come to office?
TCS has begun delivering notes to staff members who don't put in at least 12 days of in-office work each month. The IT company reportedly threatened employees with disciplinary action if they failed to abide by its new policy. The firm is just one of the many that has put an end to work from home
TCS asserts it has escaped 'vicious cycle' of hiring and counter hiring
As India's largest IT firm, TCS has implemented a salary increase of 5-8 per cent to facilitate upskilling among its workforce, driven by advancements in artificial intelligence (AI)