After a steep fall of over 1000 points, the 30-scrip Sensitive Index (Sensex) of the BSE huffed and puffed through…
Mumbai: Traders keep a tab of share market rates at Bombay Stock Exchange (BSE) in Mumbai on Feb 6, 2018. The key Indian equity indices provisionally closed Tuesday's trade in the negative territory, paring some losses to recover from their day's lows. The barometer 30-scrip Sensitive Index (Sensex) of the BSE recovered over 700 points from its day's low at 33,482.81 points. (Photo: IANS)
After a steep fall of over 1000 points, the 30-scrip Sensitive Index (Sensex) of the BSE huffed and puffed through the day to close at a one-month low of 34,195.94 – a loss of 561.22 points.
As the losses continued for the sixth straight session, the Sensex touched a low of 33,482.81 points – a fall of 1,275 points. By the closing bell, the market had recovered over 700 points.
A downturn in the global markets coupled with the post-Budget sell off pulled the market down.
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Nifty50 of the National Stock Exchange recovered over 200 points to end the day’s trade at 10,498.25 points – down 168.30 points or 1.58 per cent from its previous close. It had plunged 390 points as soon as it opened the day’s trade.
Over Rs 2.72 lakh crore was wiped off the markets following a record-breaking loss on Wall Street. Fear of the investors over rising borrowing costs of the US unleashed the bear on the global markets.
The Dow on Monday, 5 February, lost all of its 2018 gains by dropping 1,175 points – the largest one-day points fall on record. The S&P 500 also took a beating.
Since 1 February, the day Finance Minister Arun Jaitley brought back the Long Term Capital Gains (LTCG) tax, the Sensex has lost 1,769.08 points.
Tata Motors lost the most at the BSE crashing 5.45 per cent. Tata Steel was the only gainer. Other losers include Bajaj Auto, HDFC Bank, TCS, Reliance, ONGC and Bharti Airtel.
Due to the global downturn, most Asian indices ended on a low note. Japan’s Nikkei fell 4.73 per cent, Hong Kong’s Hang Seng lost 5.12 per cent, while Shanghai Composite Index shed 3.35 per cent. In Europe, Frankfurt’s DAX fell 1.97 per cent and Paris CAC lost 1.75 per cent. London’s FTSE too fell 1.73 per cent.
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