Provisional: Markets slump nearly 3% amid global sell off
The 30-share Sensex ended down 539 points or 2.8% at 18,708 and 50-share Nifty ended down 173 points or 2.98% at 5,649
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The Sensex slumped over 500 points after comments by the US Fed said that it would start pruning its monetary stimulus measures by end-2013 and weak China manufacturing data led to a sell off in global equities on Thursday.
Further, the rupee which slumped to an all-time low of Rs 59.94 also dampened investor sentiment as it would force the Reserve Bank of India to defer easing of key policy rates going forward.
The 30-share Sensex ended down 539 points or 2.8% at 18,708 and 50-share Nifty ended down 173 points or 2.98% at 5,649. (Provisional)
Further, the rupee which slumped to an all-time low of Rs 59.94 also dampened investor sentiment as it would force the Reserve Bank of India to defer easing of key policy rates going forward.
The 30-share Sensex ended down 539 points or 2.8% at 18,708 and 50-share Nifty ended down 173 points or 2.98% at 5,649. (Provisional)
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First Published: Jun 20 2013 | 3:31 PM IST