Sensex Dips Below 28K-Level, Down 265 Pts

| } October 13 , 2016 , 11:44 IST
  [caption id="attachment_209104" align="aligncenter" width="700"]Sensex Dips Below 28K-Level, Down 265 Pts Sensex Dips Below 28K-Level, Down 265 Pts[/caption] BSE benchmark Sensex plunged over 265 points to crack below the 28,000-mark in early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year. Besides, the trading sentiment was influenced by a weak trend in Asian markets after China's exports unexpectedly declined. Also, the broader NSE Nifty slumped below the 8,700-mark. The 30-share barometer plunged by 265.21 points or 0.94 per cent to 27,817.13. ALSO READ: Sensex Losses Swell As Oct Series Gets Off To Shaky Start The index had risen by 21.20 points in the previous session on Monday. Stock Exchanges remained closed on Tuesday and Wednesday on account of "Dussehra" and "Moharum", respectively. Industrial output remained in the negative for the second month in a row, contracting by 0.7 per cent in August due to slump in manufacturing, mining and capital goods segments. Sectoral indices led by realty, baking, auto and metal were trading in the negative zone, falling by up to 1 per cent. The NSE Nifty was trading 82.20 points or 0.94 per cent lower at 8,626.60. ALSO READ: Sensex Touches New High, Up 464 Pts; Nifty Above 8,400 On Asian Leads Brokers said apart from weak Asian cues after China's exports unexpectedly declined, investors also weighed minutes of the Federal Reserve's last meeting that show the US central bank may go for a rate hike this year. Among Asian markets, Japan's Nikkei fell 0.39 per cent, While Hong Kong's Hang Seng down 1.33 per cent in early trade today. The Dow Jones Industrial Average ended 0.09 per cent higher in yesterday's trade.

Sensex Recovers 70 Pts | NWI

[…] with oil&gas, capital goods, PSU, realty and auto sectors leading the recovery. ALSO READ: Sensex Dips Below 28K-Level, Down 265 Pts The gauge had plunged 439.23 points in yesterday's trade after a slew of global factors such as […]

Most Recent