The 30-share BSE Sensex slipped 150 points following major fall in Asian markets in late trade. Shanghai tanked 2.4% and Hang Seng dropped nearly 2%. Nikkei, Straits Times and Kospi were down over 1%.
The BSE benchmark declined 150.42 points to 17,370.70 and the NSE benchmark was down 50.10 points to 5,266.85. The broader markets like BSE Midcap and Smallcap indices slipped 1.1% each.
Country's largest lender State Bank of India and ICICI Bank plummeted 0.7% each. Oil & gas producer Reliance Industries too was down 0.7%.
Housing finance company HDFC, top telecom operator Bharti Airtel, drug maker Sun Pharma and steel manufacturer Sterlite Industries tumbled 1.5% each.
Engineering and construction major by sales Larsen & Toubro and private sector lender HDFC Bank were down 1.35% and 1.9%, respectively.
Shares of Tata Steel, Bajaj Auto, Jindal Steel, Tata Power and Maruti Suzuki went down 2-2.5%.
However, country's largest software services exporter TCS outperformed, rising 1.4%. Dr Reddy's Labs and Tata Motors were marginally higher.
The euro hovered near a two-year low on Monday as the darkening global growth outlook kept risk assets under pressure, and with investors not hopeful of progress on the euro zone debt crisis at a meeting of finance ministers later in the day. France's CAC, Germany's DAX and Britain's FTSE were trading marginally lower.
No comments:
Post a Comment