Sensex tanks 164 points on Asian cues; RIL plunges 1.75% | Indian Share Market

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Sensex tanks 164 points on Asian cues; RIL plunges 1.75%

The benchmark BSE Sensex lost over 164 points to 29,763.02 in early trade on Friday as RIL led the fall on increased selling by participants amid weak trend in other Asian markets.

The 30-share index fell 164.32 points or 0.54 per cent to 29,763.02 with sectoral indices led by healthcare, FMCG, metal, power and capital goods, were trading in the negative territory with losses up to 0.61 per cent.

The gauge had lost 40.90 points in the previous session after the Reserve Bank left the key policy rate unchanged, in line with Street expectations.

The 50-share NSE Nifty also dropped by 49.35 points or 0.53 per cent to 9,212.60.  Brokers said continued selling by participants, tracking a weak trend in other Asian markets as US missile strike against Syria fuelled geopolitical concern, dampened sentiments.

Other losers were Sun Pharma, Adani Ports, Power Grid, Coal India, HDFC Ltd, ITC Ltd, Tata Motors and Lupin, falling by up to 2.38 per cent on profit-booking.

Among other Asian markets, Japan’s Nikkei fell 0.10 per cent while Hong Kong’s Hang Seng shed 0.67 per cent in early trade today. Shanghai Composite Index, however, up 0.19 per cent.

Source: timesofindia.indiatimes.com

Categories:   BSE and NSE, BSE Sensex, BSE Sensex online news, Higlighted News, Indian share market, Indian sharemarket news, Latest News, Sensex under pressure, sharemarket top news, STOCK BROKERS, Stock Glossary, Stock Market

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