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MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

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SI Reporter  |  New Delhi 

The benchmark indices settled over 2 per cent lower on Thursday following a sharp selloff in the global markets. The S&P BSE Sensex ended at 34,001, down 760 points. The index had fallen 1,037 points to 33,723.53 in intra-day trade. The broader Nifty50 index settled at 10,235, down 225 points. It had hit an intra-day low of 10,138.60. Among the sectoral indices, the Nifty IT index fell 3 per cent led by losses in the shares of NIIT Technologies, Infosys and Tata Consultancy Services (TCS). The Nifty Bank index, too, slipped 2.1 per cent weighed by State Bank of India ...

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MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Nifty IT index falls 3.04%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) NIIT TECH. 1056.20 1193.45 -137.25 -11.50 INFIBEAM AVENUES 52.35 58.50 -6.15 -10.51 HCL TECHNOLOGIES 1009.00 1051.80 -42.80 -4.07 TATA ELXSI 975.20 1016.55 -41.35 -4.07 INFOSYS 673.35 700.45 -27.10 -3.87 TCS 1979.95 2043.60 -63.65 -3.11

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Sectoral trends on NSE

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Market At Close The S&P BSE Sensex slipped 760 points or 2 per cent to settle at 34,001. NSE's Nifty50 index ended below 10,300 level at 10,235, down 225 points or 2.16 per cent. 

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Gold climbs Rs 130 on festive demand Gold advanced by Rs 130 to Rs 31,980 per 10 gram Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market despite a weak global trend. However, silver met with resistance at prevailing levels and declined by Rs 200 to Rs 39,000 per kg.   Bullion traders said gold prices spurted due to surge in festive demand. READ MORE

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 33,982.61 -778.28 -2.24   S&P BSE SENSEX 50 10,694.77 -237.35 -2.17   S&P BSE SENSEX Next 50 29,978.27 -877.84 -2.84   S&P BSE 100 10,445.99 -242.69 -2.27   S&P BSE Bharat 22 Index 3,273.18 -31.39 -0.95

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

IMF's Lagarde warns against trade, currency wars, urges fix to global rules International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in both trade and currency wars, saying these would hurt global growth and imperil "innocent bystanders." Formally launching the IMF and World Bank annual meetings on the Indonesian resort island of Bali, Lagarde urged countries to "de-escalate" trade conflicts and fix global trading rules instead of abandoning them. Read More

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Nifty IT down over 3.5%

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Key factors that led to massive sell-off on D-Street today   Mirroring global peers, the domestic stock market shattered on Thursday with the benchmark indices Sensex and Nifty plunging around 2 per cent each in intra-day deals. The S&P BSE Sensex tumbled over 1,000 points in the intraday trade while the broader NSE's Nifty50 index slipped below 10,300 level. However, the market recovered later from the day's low in the afternoon deals.   Click here to look at the key stocks that spooked the investors on Thursday: Representational Image

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

JSW Steel output up 6% to 4.18 mn tonnes in Sep quarter; shares slump 4%   JSW Steel Thursday said its crude steel output grew 6 per cent to 4.18 million tonne (MT) during the quarter ended September 30, 2018. The Sajjan Jindal-led company had produced 3.94 MT crude steel in July-August 2017, it said in a statement. During the said quarter, there was a rise of 2 per cent in production of flat rolled products at 2.96 MT as against 2.89 MT in the year-ago quarter, it said. Read More

MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 34,163.10 -597.79 -1.72   S&P BSE SENSEX 50 10,758.75 -173.37 -1.59   S&P BSE SENSEX Next 50 30,177.23 -678.88 -2.20   S&P BSE 100 10,509.36 -179.32 -1.68   S&P BSE Bharat 22 Index 3,283.33 -21.24 -0.64

First Published: Thu, October 11 2018. 08:15 IST
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MARKET WRAP: Sensex crashes 760 pts on global selloff; IT, banks weigh

Catch all live market action here

The benchmark indices settled over 2 per cent lower on Thursday following a sharp selloff in the global markets. The S&P BSE Sensex ended at 34,001, down 760 points. The index had fallen 1,037 points to 33,723.53 in intra-day trade. The broader Nifty50 index settled at 10,235, down 225 points. It had hit an intra-day low of 10,138.60. Among the sectoral indices, the Nifty IT index fell 3 per cent led by losses in the shares of NIIT Technologies, Infosys and Tata Consultancy Services (TCS). The Nifty Bank index, too, slipped 2.1 per cent weighed by State Bank of India ...

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