Sensex depreciated by 546 points in opening trade today
The BSE Sensex slipped below 35,000-level by depreciating 546 points in opening trade today due to heavy losses in metal, realty, capital goods, banking and oil & gas stocks amid a global rout in equity markets. The BSE tanked 545.95 points, or 1.55%, to 34,520.80. The gauge had lost 1,216.50 in the previous four sessions following Budget 2018. All sectoral indices led by realty, metal, capital goods, healthcare and bankex were trading in the negative terrain, falling by up to 3.47%. The NSE Nifty was trading down by 173.80 points, or 1.61%, at 10,586.80. After deep losses on Wall Street, last week due to a strong US jobs report and rising Treasury yields fanned fears of interest rate hike quicker than thought, Asian markets dropped by 1%. The laggards were Yes Bank, HDFC Ltd, SBI, Axis Bank, Hero MotoCorp, Bajaj Auto, Tata Steel, Hindustan Unilever, L&T, M&M, Adani Ports, Kotak Bank and RIL, falling by up to 3.89%. Hong Kong’s Hang Seng fell 1.82%, Japan’s Nikkei shed 2.43%, while Shanghai Composite Index down 0.33% in their late morning deals. The US Dow Jones Industrial Average ended 2.54% lower on Friday. -PTC News
