Sensex Sinks 500 points - Highest Single Day Fall In A Year
Vinaya Patil / 20 Jun 2013
The Indian markets lost over 2% on Thursday after the US Federal Reserve explicitly signalled an end to easy money and data showed China’s economy slowing. The rupee slumped to a record low today. The Nifty ended drastically lower by 166 points at 5655 and Sensex ended at 18,719.29, down by 526 points. Both the indices ended lower by 2.74%-2.81%.
The Indian markets lost over 2% on Thursday after the US Federal Reserve explicitly signalled an end to easy money and data showed China’s economy slowing. Traders also fear an end to the US monetary stimulus that could lead to portfolio outflows, pushing the rupee lower and in turn delaying any rate cuts from the central bank. The rupee slumped to a record low today. The Nifty 50-share index ended drastically lower by 166 points at 5655 and Sensex ended at 18,719.29, down by 526 points. Both the indices ended lower by 2.74%-2.81%.
The advance–decline ratio ended on a negative side at the end of day. On the NSE, 1058 shares ended in red and 220 shares ended in green.
Top Nifty Gainers: Sun Pharma ended as the top Nifty gainer, higher by 0.84%, followed by Ambuja Cement which managed to close up by 0.16%.
Top 5 Nifty Losers: Jindal Steel and Power ended lower by 9.70% as the top Nifty loser, followed by JP Associates, DLF, Reliance Infrastructure and Tata Steel.
All the sectors ended in red. Realty, Metal, Bankex and Power ended as the top losers in the sectoral pack.
The European markets too were seen trading weak; DAX is trading lower by 2.31%, followed by CAC 40 and FTSE 100 trading lower in the range of 2.14%-2.17%.
The Asian markets hammered on China fears. Hong Kong’s Hang Seng ended as the top loser, down by 2.96% at 20,382, followed by Shanghai Composite, Straits Times and Nikkei 225.
Buzzers: Wipro gained 1.16% to end at Rs 347.5 in this sluggish market. The stock moved higher as reports suggest that the country’s third largest software services exporter won a technology outsourcing contract worth Rs 2,900 crore from US-based financial firm Citigroup.
DLF slipped more than 7% to end at Rs 175.5 over heavy volumes. The stock today touched a fresh 52-week low. It opened at Rs 184.25 and went on to touch a low of Rs 173.25.
Nifty closed below its important support levels. In the near term, we expect the market to touch the levels of 5600-5650.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.