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Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

All that happened in today's trade

SI Reporter  |  New Delhi 

The benchmark indices fell over 1%, extending losses for the fourth straight session, while the rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit. The Sensex cracked 447 points, while the Nifty logged its steepest percentage fall since November 2016, ending below 10,000 mark. Broader markets undeperformed with the BSE Midcap and the BSE Smallcap indices losing over 2% each.  In view of the economic slowdown, the ...

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Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Anand James, Chief Market Strategist, Geojit Financial Services    With global equity markets in risk-off mode over Korean tensions, the ongoing weakness has gained momentum. Approaching F&O expiry has also added to liquidation pressure. With the FIIs continuing to be net sellers, investors are also fretting on the impact on fiscal deficit targets if government were to go overdrive on with economic revival plans.

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Sectoral trend  Source: NSE

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Top Sensex losers and gainers  Source: BSE

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Broader markets underperform    The BSE Midcap and the BSE Smallcap indices tanked nearly 3% each.  

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Markets at close   The S&P BSE Sensex ended 447 points down at 31,922, while the broader Nifty50 settled at 9,964, down 157 points.

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Economy booster package should stimulate pvt investment: Ex-RBI chief   Former Reserve Bank of India Governor C. Rangarajan on Friday said the package the government is looking at to revive the economy should be partly to raise capital expenditure and look at problems preventing private investments from rising. READ FULL REPORT

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Volatility index  India VIX rose over 10% to 12.86.  Source: NSE

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

European markets European shares steadied on Friday amid fresh tensions over North Korea but remained near recent highs ahead of this weekend’s general election in Germany, where conservative Chancellor Angela Merkel is expected to win a fourth term. The pan-European STOXX 600 index fell 0.1%. 

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Debt-laden banks 'concern' for economy: Jaitley   India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday. Jaitley said stressed bank assets have become a "concern" for the economy. Bad loans have crimped the ability of Indian lenders to offer new credit. READ FULL REPORT

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Buzzing stock    Dena Bank gained nearly 3% to Rs 31.80 on news reports that Vijaya Bank and Dena Bank have expressed interest in a merger and are discussing synergies. READ MORE

Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

Adhunik Industries hits 52-week low   Adhunik Industries hits 52-week low of Rs 83.55, tanked 20% on BSE after the Securities Appellate Tribunal (SAT) directed the market regulator and stock exchanges to reverse their decisions all dated August 7, 2017 qua the appellant forthwith. READ MORE

First Published: Fri, September 22 2017. 15:39 IST
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Nifty sees biggest % fall of 2017, ends at 9,963; Sensex tanks 447 points

All that happened in today's trade

The benchmark indices fell over 1%, extending losses for the fourth straight session, while the rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit. The Sensex cracked 447 points, while the Nifty logged its steepest percentage fall since November 2016, ending below 10,000 mark. Broader markets undeperformed with the BSE Midcap and the BSE Smallcap indices losing over 2% each.  In view of the economic slowdown, the ...

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