Business

Sensex down 109 points, Nifty slips below 8,500 on global cues

Mumbai, July 22: The benchmark BSE Sensex stretched its losses for the third day today, declining over 109 points in early trade on sustained selling by investors amid weak global cues.

The NSE Nifty fell below the 8,500-mark to trade at 8,498.65 points, down by 30.80 points, or 0.36 per cent over previous close.

The 30-share Sensex fell further by 109.20 points, or 0.38 per cent, to 28,072.94 with IT, metal, teck, banking, capital goods and power stocks leading the fall.

The gauge lost 281.17 points in the previous two consecutive sessions.

Brokers said investors indulged in selling after a weak trend at other Asian markets following overnight sell-off at the US markets on corporate earnings concern.

They said even better-than-expected first quarter earnings by some companies failed to boost domestic stock markets.

In other Asian markets, Hong Kong's Hang Seng index was down 0.53 per cent while Japan's Nikkei shed 1.25 per cent in early trade today.

The US Dow Jones sank 1 per cent yesterday.

Sensex surges 300 pts, closes above 35k-mark for first time

Mumbai: Benchmark Sensex soared over 310 points today to close above the 35,000-mark for the first time ever, while the broader Nifty too ended at a f...

Govt lowers additional borrowings to Rs 20K cr in FY18

New Delhi:The government today lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated e...

Sensex advances 70 pts in volatile trade; IT stocks gain

Mumbai: The benchmark BSE Sensex recovered 70 points in opening trade on Wednesday on gains in IT, banking and auto stocks despite weak Asian cues.The...

Indian IT services stocks set for turnaround in 2018: Report

New Delhi: Indian IT services stocks are set for a turnaround in 2018 as recovery in spending is "imminent", says a Morgan Stanley report.The IT secto...