Tuesday, 8 March 2016

Sensex falls over 150 pts, Nifty opens below 7450; Hindalco down -- 9 Mar 2016

Asian shares stepped back further from two-month highs today following China's growth concerns and oil fall. Shanghai crashed 3 percent and Nikkei fell 1.6 percent. Hang Seng declined 0.6 percent.

                                         
The market has opened sharply lower on Wednesday following weak global cues. Lower oil prices and China's growth concerns hit global markets. The Sensex fell 183.11 points to 24476.12 and the Nifty declined 51.40 points to 7433.90.

Lupin, Coal India, Maruti, NTPC and ONGC are top gainers while Hindalco, ICICI Bank, Tata Steel, Tata Motors and BHEL are losers in the Sensex. The Indian rupee opened lower by 10 paise at 67.45 per dollar today versus 67.35 Tuesday.

The 30-share index was trading at 24,506, down 152 points or 0.62 per cent. It touched a high of 24,527.27 and a low of 24,467.00 in morning trade. 

The Nifty50 was trading at 7,440 down 45 points or 0.61 per cent. It touched a high of 7,442.45 and a low of 7,429.20 in the first 30 minutes of trade. Nifty50 was trading at 7,440 down 45 points or 0.61 per cent. It touched a high of 7,442.45 and a low of 7,429.20 in the first 30 minutes of trade. 

The S&P BSE Midcap Index was down 0.44 per cent and BSE S&P Smallcap Index was trading 0.49 per cent lower. 

Lupin (up 0.9 per cent), NTPC (up 0.4 per cent), ONGC (up 0.3 per cent), Maruti Suzuki (up 0.28 per cent), and HUL (up 0.26 per cent), were the major Sensex gainers. 

Tata Steel (down 2.7 per cent), ICICI Bank (down 2.7 per cent), SBI (down 1.7 per cent), and Adani Ports (down 1.7 per cent) were the major Sensex gainers.
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