Afternoon D & C Dedicated To Mumbai
Home > Business > Sensex logs 9th straight loss, crashes 372 points

Sensex logs 9th straight loss, crashes 372 points

Tuesday, May 14, 2019

Continuing their losing spell for a ninth session in a row yesterday, the BSE Sensex crashed over 372 points and the NSE Nifty dived nearly 130 points on sustained sell-off across the board.

The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank.

In percentage terms, however, Sun Pharma was the biggest loser with 9.39% drop. Intra-day, the pharma major's shares tanked over 20%.

Other top Sensex laggards were Yes Bank, Tata Steel and Indusind Bank -- falling as much as 5.58%.

After trading range-bound for most part of the day, the 30-share BSE benchmark saw steep plunge in the last hour and closed 372.17 points, or 0.99%, lower at 37,090.82. The index hit an intra-day low of 36,999.84 and a high of 37,583.57. Similarly, the broader NSE Nifty sank 130.70 points or 1.16% to settle at 11,148.20 points. During the day, the NSE gauge hit a low of 11,125.60 and a high of 11,300.20.

Among the gainers on the Sensex, HDFC topped the chart, rising 1.06%, after the mortgage lender posted a 26.8% rise in its standalone net profit at Rs 2,862 crore for the fourth quarter ended March 2019.

HUL, Infosys, Bajaj Finance, Coal India and Hero MotoCorp rose up to 0.87%.

Domestic investors kept weighing weak cues from global markets amid uncertainties around US-China trade tariff deal. Also, sustained foreign fund outflows kept investors edgy.

Bourses in China, Japan and Korea ended in the red tracking news related to US-China trade talks.

The United States has recently announced hike in duty on import of Chinese products worth more than USD 200 billion.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
Accused seek police protection to visit blast sit
While three people were caught from a Juhu ...
Open category students oppose quota in PG courses
I am in a fix. I have been happily married for 4
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You are likely to remain careful and watchful today, foretells Ganesha. And because you'll be invited to parties and other social events, your enthusiasm will remain buoyant. You will also strike the right balance between business and pleasure, says Ganesha.
- Advertising -
It’s the new year and having to cope with the han
Ayurveda expert Mohamad Yusuf N Shaikh suggests s
If you have a scar that is bothering you, here ar
Read More