Indian shares extend fall; bonds slip, rupee flat

Indian shares extend fall; bonds slip, rupee flat

Global markets nosedived today after a record-breaking loss on Wall Street, extending a global rout as investors fret over rising USA borrowing costs.The Dow on Monday suffered its worst points fall in history and wiped out all its 2018 gains, while the S&P 500 also took a beating.

In yesterday's closing Sensex plunged almost 310 points to close at a three-week low of 34,757.16 and the NSE Nifty fell over 94 points to 10,667, dragged down concerns over certain budget proposals and sell-offs in global markets. Here is how it all started.

Indian equities nursed losses for the sixth straight session today as the post-Budget sell-off continued amid a meltdown in the world markets.

People are reacting to the fall in the market in front of Bombay Stock Exchange on Friday.

Nifty 50 fell 186.50 points or 1.75 percent to 10,480. The benchmark finally ended at 34,195.94, down 561.22 points, or 1.61 per cent.

Investors also seemed cautious ahead of the RBI policy meet as they feel that repo rate might be increased amid inflation concerns, brokers said.

A Shooting Attack in Italy
Authorities asked members of the public to remain vigilant and to stay indoors while an investigation was ongoing. At least six people were wounded in a drive-by shooting in Macerata, a town in central Italy , on Saturday.

Major losers in the 30-share index were Housing Development Finance Corporation (3.86%), Larsen & Toubro (3.49%), Kotak Mahindra Bank (2.66%), Bajaj Auto (2.12%), Adani Ports and Special Economic Zone (2.08%), and Oil & Natural Gas Corporation (1.84%).

Market breadth was negative with 1,031 advances against 1,525 declines.

Strong selling pressure dragged down all the Sensex and the Nifty components. It plunged by over 300 points or 3.00 per cent.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,263.57 crore on net basis while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,163.64 crore yesterday, provisional data showed.

The Dow Jones Industrial Average plunged 4.6 percent, the S&P 500 plummeted 4.1 percent and the tech-heavy Nasdaq Composite lost 3.8 percent. The German DAX dropped 0.8 percent, while France's CAC 40 index and the U.K.'s FTSE 100 shed around 1.5 percent each.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 3.5 percent to a one-month low, which would be its biggest fall in more than a year and a half, a day after it had fallen 1.6 percent.

Related Articles

  • Ex-Patriot Brandon Browner calls out Bill Belichick over Malcolm Butler benching

    Ex-Patriot Brandon Browner calls out Bill Belichick over Malcolm Butler benching

    New England Patriots coach Bill Belichick is still keeping his reasons for Malcolm Butler's Super Bowl benching in-house. Belichick said on Monday: "I respect Malcolm's competitiveness, and I'm sure that he felt like he could have helped".

    Mattis Warns Syria To not Use Chemical Weapons

    The group plans to publish information about chemical attacks to name and shame perpetrators and eventually sanction them. He added "they'd be ill-advised to go back to violating the chemical convention".
    Iran arrests 29 women for not wearing hijab in protests

    Iran arrests 29 women for not wearing hijab in protests

    Videos and photos shared on social media have shown demonstrators standing on utility boxes on street sidewalks, defiantly waving their hijabs .
  • Paul Ryan Deletes Tweet About Tax Cuts Amid Social Media Backlash

    Paul Ryan Deletes Tweet About Tax Cuts Amid Social Media Backlash

    Estimated annual savings range into the thousands of dollars, which is certainly a lot more than a$60 Costco membership. CBS News' David Begnaud spoke to Julia Ketchum, the secretary, on Saturday after Ryan's tweet.
    Spice Girls to work together again

    Spice Girls to work together again

    Melanie Chisholm has said the Spice Girls are getting back together because the world needs a little more girl power right now. But it didn't take long for a representative for Beckham to assure the masses that yes, the Spice Girls have reunited.
    Six More Weeks of Winter as Punxsutawney Phil Again Sees His Shadow

    Six More Weeks of Winter as Punxsutawney Phil Again Sees His Shadow

    The roots can be traced back to an Ancient Christian Tradition called Candlemas Day. The first official trek to Gobbler's Knob was made on February 2, 1887.
  • Health professionals warn against false flu-related articles

    Health professionals warn against false flu-related articles

    If you go to the emergency room and you are not sick with the flu, you may catch it from people who do have it. You'd have to do the studies that say when did that individual get vaccinated with what type of vaccine.
    Poor US leadership will lead to major war with Russia, China

    Poor US leadership will lead to major war with Russia, China

    Foreign Minister Sergei Lavrov expressed "deep disappointment" at the plan. Return of sea-based nuclear cruise missiles.
    Trump Plan Seeks New Nuclear Weapons, Citing Russia

    Trump Plan Seeks New Nuclear Weapons, Citing Russia

    Two weeks ago, Mr Mount said the leaked review translates Mr Trump's impulses into an order for new, more usable nuclear options. Iran and North Korea's increasing nuclear capabilities was also noted as a catalyst for the change in strategy.
  • 4 injured in LA middle school shooting

    4 injured in LA middle school shooting

    The suspect, who a police spokesman said was as young as 12, was armed at the time of her arrest, but taken without incident. Inside a classroom, just before nine this morning, the two kids were shot and are now being treated in a hospital.
    Cleared Nasheed vows to challenge Maldives president in polls

    Cleared Nasheed vows to challenge Maldives president in polls

    Gayoom had been set to run for re-election virtually unopposed with all of his opponents either jailed or exiled. Shortly after Thursday's ruling the police announced on Twitter that it would enforce it.
    Middle School Shooting Was Accidental — LAPD

    Middle School Shooting Was Accidental — LAPD

    The district has a policy which states random searches should be carried out daily with a metal detector wand. Among the five injured people, a 15-year-old boy and a 15-year-old girl were hit by a bullet in the incident.