Sensex tumbles 340 points, ends below 18,000

Image
Reuters MUMBAI
Last Updated : Aug 21 2013 | 3:57 PM IST

MUMBAI (Reuters) - The BSE Sensex tumbled 340 points and the Nifty lost nearly 100 points as blue chip stocks slumped on fears of foreign investor selling after the rupee hit new lows ahead of a U.S. Federal Reserve report that may give details of its stimulus policy.

ITC fell 4.6 percent, while Reliance Industries ended 5 percent lower.

The Sensex fell 1.9 percent, while the 50-share Nifty ended down 1.8 percent, extending their selling streak for a fourth day, after rising nearly 2 percent on RBI steps to ease cash and bond rules.

(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 21 2013 | 3:44 PM IST

Next Story