Sensex ends 309 points lower; Nifty settles at 10667-mark
06 February, 2018, 15:09 | Author: Sheri Evans
It has been a Terrible Tuesday in the Indian markets.
In yesterday's closing Sensex plunged almost 310 points to close at a three-week low of 34,757.16 and the NSE Nifty fell over 94 points to 10,667, dragged down concerns over certain budget proposals and sell-offs in global markets. While the budget proposal of 10 per cent long-term capital gains (LTCG) tax on equities and overshooting of fiscal deficit target hit the sentiment, the two per cent fall in Wall Street and other global markets added to the selling exercise.
BSE Sensex traded lower by 905.38 points, or 2.60 percent, to 33,851.78.
People are reacting to the fall in the market in front of Bombay Stock Exchange on Friday.
Asian markets followed the trend with Tokyo diving more than 5 per cent, Hong Kong 4 per cent and Sydney 3 per cent, Singapore 2.3 per cent, Seoul 3 per cent, Taipei 3.7 per cent, and Shanghai 2.1 per cent.
The BSE Sensex rose by 200.95 points to close at an all-time high of 32,633.64 as investor optimism climbed following encouraging comments from the International Monetary Fund chief.
The Sensex provisionally closed (at 3.30 p.m.) at 34,195.94 points - down 561.22 points or 1.61 per cent - from its previous close at 34,757.16 points.
Nifty 50 fell 186.50 points or 1.75 percent to 10,480. On Monday, the Indian currency closed flat at 64.07 against the U.S. currency amid sharp losses in local equities.
Dow Jones industrials sink 500 points
Meanwhile wages rose at the fastest pace in more than eight years, suggesting employers are competing more fiercely for workers. The U.S. central bank has forecast three rate increases this year after raising borrowing costs three times in 2017.
Overnight, U.S. stocks suffered one of their worst days in more than six years as concerns over returning inflation and higher interest rates overshadowed some upbeat economic news.
Domestic MFs witnessed total inflows of Rs 1.69-lakh crore in 2017.
"It is very unfortunate that our move came at a very wrong time because of global markets also going down", he said.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,263.57 crore on net basis while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,163.64 crore yesterday, provisional data showed. As a result, Japan'sNikkei dropped 4% in early trade on Tuesday and Australia's S&P ASX 200 fell 3%. Australian shares dropped 3.0 percent to their lowest level since October while South Korean shares dropped 2.0 percent.
He blocked Brazilian winger Kenedy's shot with his chest, then dived to his left to palm away Perez's effort from the rebound. Palace manager Roy Hodgson thought his side's performance after half time deserved a maximum points haul.
Doug Sacrison traveled over 4,000 kilometers from Washington State this year to attend his first Groundhog Day in Punxsutawney. Groundhog Day is probably more synonymous with the Bill Murray movie of the same name than the actual celebration itself.
Lockler told Pensacola News Journal in a phone interview Wednesday that she has personally witnessed some of the carelessness. It may not have been her intention, but she is thrilled that her important message is getting out.
This simple app only has three options: call a taxi, call a friend, and identify your location for pickup. In 2016, the NHTSA recorded 10,497 fatalities in traffic crashes involving drunk drivers nationwide.
And there's no sense that Rachel Brand, the current No. 3 at the Justice Department, would be viewed any more favorably by Trump. The memo alleges that Rosenstein approved at least one FISA warrant of a former Trump campaign adviser, Carter Page.
Six years ago India wins this title under the Captaincy of Unmukt Chand and India wins the title third time in under19 History. Australia is looking confident with his last win, which came against Afganistan in the Semifinal of ICC U19 World Cup 2018.
Doctors suggest seeing a physician if you start having any of the flu symptoms including: headaches, body aches and/or fever. The heavy flu season has also put a strain in places on some medical supplies, including IV bags, and flu medicine.
The girl holding the firearm "didn't mean to" shoot the 15-year-old girl, he said, according to the station. He said both of the victims are 15 years of age and have been transported to a local hospital.
Reports of James' interest in leaving the Cavaliers as a free agent this summer have been swirling since last summer. If LeBron does decide he wants to join Golden State , the maneuvers won't be so simple.
A statement from Morgan Margraves, his third daughter, was read at Nassar's sentencing in neighboring Ingham County last month. Later Margraves and his attorney were brought back in the courtroom so Judge Cunningham could address the contempt of court.
Paul Ryan slammed for tweet about $1.50 pay hike
People, including several prominent Democrats, noted on social media that $1.50 per week is not a significant pay bump. Ryan Democratic opponent, Randy Bryce, responded to Ryan's tweet while promoting a new fund-raising opportunity.
TDP leaders tell Naidu to reconsider alliance with BJP
Naidu is upset with the allocation of funds for the state in the Union Budget 2018 despite its request for additional funds. Ahead of the meeting, party MP Kesineni Srinivas said there would be detailed discussions with Naidu.
Eagles offer tickets to fan who feared missing Super Bowl
"I AM OFFICIALLY GOING TO THE SUPERBOWLLLLLL", the Rutgers University student said on her Facebook page Friday night. We don't have money for a ticket, ' her mom says. "If they would have went 0-16, I would still be their friends".