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Sensex, Nifty Tumble After Nikkei Crashes 7.3 Percent

On Thursday,  Indian markets extended losses in late morning trade tracking sharp cut in the markets of Japan. Nikkei 225, a Japanese benchmark index crashed 7.32% or 1,143.28 points to settle at 14,483.98. The markets of Japan crashed to their largest loss in more than two years this Thursday. The broad based heavy selloff was triggered by spike in falling dollar, China manufacturing data and government bond yields. At 11.39 AM, Sensex was trading down 1.57% or 315,83 points at 19,746.41 with 24 components falling. In the meantime, Nifty was trading lower by 1.84% or 111.90 points with 46 components falling at 46. Sensex Movers In Sensex, ICICI Bank contributed a fall of 56.12 points, which was followed by Larsen & Toubro (L&T) (33.09 points), Reliance Industries (44.08 points), ITC (26.53 points) and State Bank Of India (26.94 points). Nonetheless, in Sensex, Tata Consultancy Services contributed rise of 3.99 points followed by Hindustan Unilever 0.22 points, Oil & Natural Gas Corporation 3.57 points, Tata Steel 0.49 points and Sun Pharmaceutical Industries 1.22 points. Oil & Natural Gas Corporation 0.41%, Hindustan Unilever 0.03%, Tata Consultancy Services 0.38%, Dr. Reddy’s Laboratories 0.23% and Sun Pharmaceutical Industries 0.26% were the biggest gainers in 30-share index. Alternatively, the major losers in Sensex were Maruti Suzuki India 4.71%, Larsen & Toubro 3.34%, Bharat Heavy Electricals 3.96%, Bharti Airtel 3.56% and State Bank of India 3.60%. Small and Mid-Cap Space BSE small and mid caps underperformed their bigger counterparts declining -2.03% and -2.21% respectively. The most significant losers in BSE Midcap include Aban Offshore (4.25%), Alstom India (5.07%), A I A Engineering (2.23%), Allahabad Bank (1.69%) and CORE Education and Technologies (4%). The most significant losers in BSE small cap include Action Construction Equipment (4.58%), A2Z Maintenance & Engineering Services (4.77%), Aarti Industries (3.89%), Styrolution ABS (India) (0.63%) and Aanjaneya Lifecare (4.37%). Sectors in Limelight Realty index was at 1773.96, down by 6.51% or by 123.56 points and the most significant losers include D L F (7.49%), Housing Development and Infrastructure (9.76%), Indiabulls Real Estate (6.23%), Godrej Properties (1.42%) and Anant Raj (7.41%). Alternatively, the Power index was at 1738.58, down by 3.57% or by 64.31 points and the most significant losers include Bharat Heavy Electricals (3.96%), Reliance Infrastructure (5.04%), A B B (3.58%), C E S C (3.48%) and Adani Power (3.72%). Capital Goods index was at 9619.50, down by 3.36% or by 334.49 points and the most significant losers were Alstom India (5.07%), BEML (6.19%), A I A Engineering (2.23%), Bharat Electronics (0.36%) and A B B (3.58%). Volume and Value Toppers Jet Airways (India) topped the value chart on BSE with turnover of Rs. 14,611.99 million and was followed by United Spirits (Rs. 413.44 million), Larsen & Toubro (Rs. 334.75 million) and State Bank Of India (Rs. 612.79 million). Jet Airways India led the volume chart with trades of more than 25.41 million shares and was followed by Unitech (3.64 million), Jaiprakash Associates (2.90 million) and Housing Development and Infrastructure (4.37 million).

Category:Investment