BSE sliding 500 points after china valuation collision and Grrece fears

Posted on 8th Jul 2015 04:03 pm by rohit kumar verma

Continuing its slide, the benchmark BSE (Bombay Stock Exchange ) in mid-session tanked over 500 points and the NSE Nifty cracked the 8,400-mark after Chinese shares extended rout and fears of Greek eurozone exit hit trading sentiment.

Reflecting steep fall in blue-chips, the 30-share index which dipped below the crucial 28,000-mark in early trade, continued to slide and tumbled by 504.63 points or 1.79 per cent to 27,667.06 during mid-session, with all the sectoral indices led by metal and auto, falling up to 4.14 per cent.

 

 

The NSE Nifty also succumbed to all-round selling and cracked the 8,400-mark by falling 162.65 points or 1.91 per cent to 8,348.15.

Besides, fresh weakness in the rupee which depreciated by 17 paise to Rs 63.63 (intra-session) against the dollar too dampened trading sentiments, brokers said.

 

 

Sentiment was badly hit following a rout in other Asian markets with a near 7 per cent crash in Shanghai despite additional measures announced by the government to shore up to the tumbling market, they added.

Japan’s Nikkei tumbled 3.14 per cent, Hong Kong’s Hang Seng plunged 5.97 per cent and Shanghai Composite index was down almost 6 per cent after falling over 8 per cent in early trade.

 

 

Major losers that dragged down the key indices were Vedanta (8.83 pc), Hindalco (6.20 pc), Tata Steel (3.90 pc), BHEL (3.32 pc), HDFC (2.46 pc), GAIL (2.20 pc), Infosys (2.11 pc), Coal India (2.05 pc), SBI (1.98 pc), M&M (1.90 pc), ITC (1.85 pc), Cipla (1.69 pc), Bharti Airtel (1.68 pc) and ICICI Bank (1.62 pc).

 

 

Other news

Kangana Ranaut: Deepa Mehta got into trouble for taking a jibe at Kangana's views on the Israel-Gaza war, the actress got angry

Kangana Ranaut, popularly known as 'Panga Girl' in Bollywood, is trying to woo the audience by pl

After finishing the shooting of 'Gadar 2', Sunny Deol will soon start shooting for the Hindi remake of 'Joseph'?

Bollywood actor Sunny Deol is busy these days shooting for his upcoming film Gadar 2. Now reports

Amitabh Bachchan: Big B did this tweet regarding women's innerwear, and now users are furious at the megastar

Apart from films, Amitabh Bachchan, the megastar of the century, is also in the limelight for his

Prime Minister Modi will meet the Saudi Crown Prince today, and many issues including trade and defense will be discussed

Saudi Crown Prince is in Delhi on a three-day visit. During this time, he is staying here for his

A small tablet of iodine will save from nuclear attack: America bought it for 2,388 crores, Biden said - the world is nearing the last war

On October 2, 2022, the US government announced the purchase of iodine medicine worth Rs 2,389 cr

Tension in Valley: Lashkar-e-Islam threat to Hindu community including Kashmiri Pandits, security forces alert

Threatening letters to Kashmiri Pandits and Hindus and attacks on people belonging to these commu

Ukraine war cost Britain dear: People sleeping hungry if food prices rise, one-third of single parents forced to give up food

Rising inflation amid the Ukraine war is making it harder for single parents in Britain to get fo

14th day of the attack on Ukraine: Biden said, Putin will never win Ukraine; Russia will conduct the third ceasefire today

Today is the 14th day of the war between Russia and Ukraine. Russia has declared a ceasefire on W

Cryptocurrency: The effect of the decline in the crypto market was visible, large scale layoffs started in these companies

The recent weakness in cryptocurrencies in global markets is now affecting the payrolls of compan

The Supreme Court asked the government - where will the poor get money to buy the corona vaccine? Where can we not adopt the private sector model?

The Supreme Court has asked the government about the price of the Corona vaccine, from where the