ECONOMY ANALYSIS
Sensex plunges 208 pts, Nifty below 8100; ITC, Infosys fall 2%
United Spirits slips 2% post 3 independent directors' exit
ABG Shipyard up 17% on initial CDR infusion of Rs 650 cr
ICICI Bank gains 1% on board's approval of stock split
Domestic car sales up 15.16%, bikes 14.45% in Aug
ITC slips 2%, govt may impose tighter norms on smoking
MARKET ANALYSIS
The benchmark Sensex today logged its worst single-day fall in over a month
as it slipped about 208 points to end at 27,057.41 hit by losses in bluechips,
including RIL, Infosys and ITC, on sustained profit-booking after the recent
rally and weak global cues.
The 30-share BSE index remained in negative territory during the session on
widespread selling. It slumped to a low of 27,018.11, before ending at
27,057.41 -- a net loss of 207.91 points, or 0.76 per cent. This is its second
straight session of declines after it slipped by 54.53 points Tuesday.
Today's nearly 208-point drop is the biggest fall for Sensex since it lost 259.87
points on August 8, 2014.
On similar lines, the National Stock Exchange index Nifty fell below the
crucial 8,100 mark and closed 58.85 points, or 0.72 per cent, down at 8,094.10
today. It had lost 20.95 points in the previous session.
Sensex plunges 208 pts, Nifty below 8100; ITC, Infosys fall 2%
United Spirits slips 2% post 3 independent directors' exit
ABG Shipyard up 17% on initial CDR infusion of Rs 650 cr
ICICI Bank gains 1% on board's approval of stock split
Domestic car sales up 15.16%, bikes 14.45% in Aug
ITC slips 2%, govt may impose tighter norms on smoking
MARKET ANALYSIS
The benchmark Sensex today logged its worst single-day fall in over a month
as it slipped about 208 points to end at 27,057.41 hit by losses in bluechips,
including RIL, Infosys and ITC, on sustained profit-booking after the recent
rally and weak global cues.
The 30-share BSE index remained in negative territory during the session on
widespread selling. It slumped to a low of 27,018.11, before ending at
27,057.41 -- a net loss of 207.91 points, or 0.76 per cent. This is its second
straight session of declines after it slipped by 54.53 points Tuesday.
Today's nearly 208-point drop is the biggest fall for Sensex since it lost 259.87
points on August 8, 2014.
On similar lines, the National Stock Exchange index Nifty fell below the
crucial 8,100 mark and closed 58.85 points, or 0.72 per cent, down at 8,094.10
today. It had lost 20.95 points in the previous session.
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