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08 February 2018, 09:32 | Austin Hogan
Sensex extends losses, sinks 561 pts
In see-saw trade, the BSE Sensex fell over 113 points to finish at 34,082.71, while the broader NSE Nifty shed 21.55 points to 10,476.70. The RBI kept the key policy rate unchanged at 6 percent for the third consecutive time today in view of firming inflation.
Some analysts were surprised the central bank hadn't been more hawkish given the upward revision in the inflation forecast for the fourth quarter of FY2018 and concerns about growing inflation risks amid the fiscal slippage.
The bounce back in markets came after global markets traded positive on Tuesday with Dow Jones closing 567 points higher and Singapore Nifty ending 115 points up.
Markets that have been in a mayhem-mode, have now narrowed losses, with the 30 scrip sensitive Sensex, narrowing losses to 421.85 points.
Coal India (2.48%), ONGC (2.24%) and Asian Paints (0.91%) were the top gainers on Sensex. The benchmark Sensex fell over 1,200 points in early trade.
Among major losers on the Sensex, Tata Motors lost 5.5%, its biggest single-day decline since August 10, after its December quarter net profit lagged behind forecasts.
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When she released " I Kissed A Girl ", bisexuality was not as widely talked about then as it is now. Katy Perry has admitted that she'd rewrite one of her biggest hits if she had the chance.
The rout in global equities deepened in Asia as inflation worries gripped financial markets, sending USA stock futures sinking further into the red after Wall Street suffered its biggest decline since 2011. "However, towards close, market recouped some losses led by value buying on account of earnings growth expectations", said Vinod Nair, Head of Research, Geojit Financial Services.
With Asian and European equity markets plunging yesterday, NY stocks started their trading day with another jaw-dropping fall as the Dow index dived almost three per cent, adding to the previous day's record loss. In last three trading sessions including today, investors have lost almost Rs 10 lakh crore od wealth.
So far this year, overseas funds have bought a net $2.4 billion in domestic shares, having also been net buyers in each of the six previous years. However, ICICI Bank, SBI and Federal Bank edged higher. Most indices on the BSE have posted a decline in the range of 1.5-1.75%.
When the market was making new record highs, the midcap and smallcap indices had begun their descent on January 23. BSE' Consumer Durables (down by 2.86%) lost the most.
The Dow Jones Industrial Average fell almost 1,600 points for its biggest intraday drop in history in points terms, or more than 6 per cent, before ending down 1,175.21 points, or 4.6 per cent for its biggest one-day fall since August 2011. China's Shanghai Index too fell 1.82 per cent.
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Five people involved in the construction of the complex were later found guilty of negligence and given prison sentences. Hualien is close to Taroko National Park, where the famous Taroko Gorge cuts down through the mountains to the sea.
Sensex down over 1100 points on global sell-off
Bajaj Fin (+4%), Indiabulls HF (+1.5%), ICICI Bank (+1%), Eicher (+0.99%) and Tata Steel (+0.82%) were the top gainers on the NSE. In intraday trade, Sensex slumped almost 1,274.35 points to 33,482.81 points, while Nifty declined 371.40 points to 10,295.15.
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Tony victor Marissa Jaret Winokur acknowledged that she'd rather work with Omarosa than be at odds with her. But one thing was for sure: Omarosa sounded more determined than ever to win this season.