Sensex nosedives 1,000 points, Nifty near 10,144

Mumbai : The Indian stock markets on Thursday opened in red with the Sensex witnessing a slump of 1008 points or 2.9 per cent to 33, 753 and the NSE Nifty 50 Index nosedived 316 points or 3 per cent to 10,144 amid the weak global cues.
The India rupee also touched a new low of Rs 74.46 per dollar plunging by 10 paise at Rs 74.30 per dollar versus previous close Rs 74.20.
market expert Sunil Shah said, "People are now deciding to move their money out of any of the Asset classes as a trade war between the countries across the world is going on. I believe that the implications of the trade war will have an impact on the market in the longer term."
The Indian market indices have shown the downward trend as only 56 shares advanced against a decline of as many as 338 shares, while more than 3,000 shares remained stagnant.
Most of the shares belonging to metals, automobiles, banks, and pharmaceuticals sectors are bearing the maximum pain as the market has turned bearish. Top losers on the Sensex and Nifty include Yes Bank, Vedanta, Indiabulls Housing and Bajaj Finance.
Other Asian Stock Indexes such as Nikkei also plummeted by 4.35 per cent to 22,490.14 points and Shanghai Index is also down by 4.34 percent to 2,607.44.

Government to sell three SAIL plants

The government has decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing sale of 100 per cent s...

Honda to close only manufacturing unit in western England's Swindon

Japanese carmaker Honda on Tuesday announced that it was closing its only manufacturing unit in the European Union  that employs 3,500 people. Ho...

Vande Bharat Express: Train 18 Schedule, Route & Ticket Details

Tickets for the Vande Bharat Express, India's fastest train, are sold out for the next 10 days, railways said on Monday, 18 February. The train is 121...

Sensex up 130 points, financials gain

The Sensex advanced over 130 points during the Tuesday morning trade session as it opened higher with key banking and finance sectors gaining.All the ...