Maximum losses in auto, banking, metal and technology stocks; Sensex crashes 463 points.
A day after the U.S. Federal Reserve reduced interest rate for the first time since 2008, global equity markets, including India, lost heavy ground as the U.S. central bank did not take a dovish stance as was widely expected by markets across the globe.
The Indian benchmarks lost more than 1% on Wednesday, with the 50-share Nifty falling below the psychological 11,000-mark for the first time since March.
While investors sold shares across sectors, the maximum losses were in auto, banking, metal and technology stocks.
The 30-share Sensex, which fell 787 points during intra-day trades to touch a low of 36,694.18, managed to recoup some of the losses to close at 37,018.32, down 462.80 points, or 1.23%.
Bu hikaye The Hindu dergisinin August 02, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Hindu dergisinin August 02, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
‘Olympics Cancellation Likely If Vaccine Not Found In Time'
Further delays impossible, says Tokyo Games organising panel chief Mori
It's Wholesale Only At Koyambedu Market
Retail outlets to remain shut to bring down crowding.
Ministry Does U-Turn On Plasma Therapy
Treatment not proven: Health official
Trump's Bleach Statements Echo Claims By Pseudo-Scientists
‘Miracle cure’ quacks have long promoted industrial bleach to treat autism, malaria and many other medical conditions
U.S. May Seek Damages From China
President says many options on the table to hold Beijing accountable, draws an angry response
Koyambedu Market May Be Shifted Out
Decision likely at today's meeting of stakeholders; aim is to enforce physical distancing
Massive Spike Of 522 Cases In Maharashtra
On Monday, cumulative tally surged to 8,590 positive cases with 27 more deaths
The Script Of Disruption And A New Order
Across the globe, the geopolitical and geo-economic fallout of the COVID-19 pandemic could be serious
A Policy Road Map To Tackle Covid-19
The interest of each and the interests of all now coincide, not only within nations but for all humanity
ICMR Says No Payment Made For Chinese Test Kits Supplies
Alleged profiteering by distributors supplying the kits
