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Markets opened lower amid overnight drop in US stocks and weakness in Asian with financials, metals and capital goods shares leading the decline.
At 9:17AM, the 30-share Sensex was down 411 points at 27,196 and the 50-share Nifty was down 133 points at 8,240.
SBI was the top Sensex loser down over 4% followed Axis Bank, Bharti Airtel, L&T among others.
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(Updated at 8:34AM)
Markets are likely to open lower by worries about a slowdown in global growth with Asian markets trading under pressure tracking losses in the US markets. Meanwhile, a survey on China's manufacturing sector slumped to a six-and-a-half-year low which further weighed on the sentiments.
At 9:17AM, the 30-share Sensex was down 411 points at 27,196 and the 50-share Nifty was down 133 points at 8,240.
SBI was the top Sensex loser down over 4% followed Axis Bank, Bharti Airtel, L&T among others.
__________________________
(Updated at 8:34AM)
Markets are likely to open lower by worries about a slowdown in global growth with Asian markets trading under pressure tracking losses in the US markets. Meanwhile, a survey on China's manufacturing sector slumped to a six-and-a-half-year low which further weighed on the sentiments.
In addition, fresh uncertainty is seen in Greece as PM Alexis Tsipras resigned, calling for fresh elections, after his bailout package met with intense opposition from lawmakers which is likely to impact the markets especially the companies with exposure to Europe including Tata Motors, Bharat Forge and Motherson Sumi.
Wall Street cracked with the S&P 500 ending at a more-than-six-month low. The Dow Jones Industrial Average and the Nasdaq Composite dropping 2.06% and 2.82 %, respectively, as investors remained wary of the interest rate hike by the Fed amid concerns led by the slowdown in China.
The early indicartor SGX Nifty is quoting at 8,277 down 101 points.
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