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

IPL 2024: Mumbai's victory over Hyderabad changed the equation of playoff, know which team gets relief, and which gets loss?

The IPL 2024 season is now slowly reaching its final stage where all the team

Pakistan: Disappointment and dissatisfaction in Pakistan due to the strict stance of IMF, has the country become bankrupt?

Now there are signs of tension between Pakistan and the International Monetary Fund (IMF). The IM

India on Terrorism: India firmly placed its stand against terrorism in the meeting of the Security Council

During the open debate in the meeting of the United Nations Security Council, India slammed the d

Maharashtra Election Exit Poll: BJP is going to make the biggest record in Maharashtra after 2014, Congress seats are less than last time

This time BJP's stature seems to be getting bigger in Maharashtra politics. According to the exit

Be ready for 6 big changes in November, if there is a setback then there will also be a chance to earn

The month of November is about to begin. In this new month, many big changes related to your ever

Waqf Law: BJP preparing to increase its penetration among Christians; special strategy for 13 Christian-dominated states including Kerala

Although the situation is not clear due to the Supreme Court's stance on the Waqf Amendment Act,

Delhi School Bomb Threat: A bomb threat was received in Delhi schools, panic was created, and police engaged in an investigation

Several schools in the capital Delhi, were thrown into a panic this morning after receiving bomb

Paresh Rawal Bday: Suniel Shetty wishes Paresh Rawal on his birthday, users request him for 'Hera Pheri 3'

Bollywood's finest actor Paresh Rawal is celebrating his 70th birthday today. For the last few da

BMC Polls: Uddhav Thackeray and Raj Thackeray will come together for the BMC elections, says Sanjay Raut – "We remained separate for 20 years and suffered the consequences."

The Thackeray brothers have surprised everyone with a major decision in Maharashtra politics. Udd

PM Modi US Visit: PM Modi will address the US Congress for the second time, many unique records will be added to his name

PM Modi US Visit: Prime Minister Modi left for his four-day US visit on Tuesday. PM Modi will be