• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Sensex tanks 394 points on global selloff; Nifty below 11,350

Juliet Woodard by Juliet Woodard
August 22, 2020
Home Business
Share on FacebookShare on Twitter

HDFC was the top loser in the Sensex pack.

Domestic equity benchmark Sensex plunged 394 points on Thursday, tracking a massive selloff in global markets after US Fed’s gloomy economic outlook spooked investors across the world. The BSE Sensex ended 394.40 points or 1.02% lower at 38,220.39. The broader NSE Nifty slumped 96.20 points or 0.84% to 11,312.20. HDFC was the top loser in the Sensex pack, shedding over 2%, followed by Axis Bank, Bharti Airtel, M&M, Reliance Industries, ICICI Bank, IndusInd Bank and Titan. On the other hand, NTPC, ONGC, PowerGrid and Tata Steel were the gainers. The Indian market opened on a negative note following subdued Asian markets which were impacted by the US Federal Reserve’s cautious view of the economy, US-China tensions and new clusters of coronavirus infections, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.The Fed’s minutes showed again that policymakers are finding it difficult to forecast the path of the economy, which will depend greatly on what happens with the coronavirus. During the afternoon session markets briefly attempted to bounce back from day’s lows but the strength failed to sustain as profit booking by traders was seen, he said. “Traders also remained concerned with the World Bank’s report stating that it is likely to project a steeper contraction in India’s economy than the 3.2% it had forecast for the current financial year,” he added. Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with heavy losses. Stock exchanges in Europe also witnessed robust selling in early sessions. Global oil benchmark Brent crude was trading 1.06% lower at USD 44.89 per barrel. In the forex market, the rupee settled at 75.02 against the US dollar, down 20 paise over its previous close.

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Tags: Bombay stock exchangeBSEclosing tradeIndian stock marketmarket and exchangemarketsniftyNSEstock closestock exchange
Juliet Woodard

Juliet Woodard

Next Post
Apple Blocked Updates to Free Wordpress App Until It Added In-App Purchases: Matt Mullenweg

Apple Blocked Updates to Free Wordpress App Until It Added In-App Purchases: Matt Mullenweg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

WhatsApp Now Lets You Silence Chat Alerts Forever Through Always Mute Feature

WhatsApp Now Lets You Silence Chat Alerts Forever Through Always Mute Feature

October 24, 2020
Ask us: On investments – The Hindu

Ask us: On investments – The Hindu

October 4, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Facebook Bars Deceptive Campaign From Pro-Trump Group

Facebook Bars Deceptive Campaign From Pro-Trump Group

October 10, 2020
Nirmala Sitharaman press meet live | Centre announces Atmanirbhar Bharat Rozgar Yojana for formal sector

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

November 12, 2020
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

February 17, 2021

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Brotherly Bonds Through Selling San Diego Real Estate

Brotherly Bonds Through Selling San Diego Real Estate

March 6, 2021
How Your ‘Free’ Buyer’s Agent Increases The Cost Of Homeownership (And What Homebuyers Can Do)

How Can Landlords Prepare For 2021?

March 5, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.