ANI
11 Oct 2018, 15:55 GMT+10
Mumbai (Maharashtra) [India], Oct 11 (ANI): The Indian stock markets on Thursday opened in red with the Sensex witnessing a slump of 1008 points or 2.9 per cent to 33, 753 and the NSE Nifty 50 Index nosedived 316 points or 3 per cent to 10,144 amid the weak global cues.
The India rupee also touched a new low of Rs 74.46 per dollar plunging by 10 paise at Rs 74.30 per dollar versus previous close Rs 74.20.
Speaking to ANI, market expert Sunil Shah said, "People are now deciding to move their money out of any of the Asset classes as a trade war between the countries across the world is going on. I believe that the implications of the trade war will have an impact on the market in the longer term."
The Indian market indices have shown the downward trend as only 56 shares advanced against a decline of as many as 338 shares, while more than 3,000 shares remained stagnant.
Most of the shares belonging to metals, automobiles, banks, and pharmaceuticals sectors are bearing the maximum pain as the market has turned bearish. Top losers on the Sensex and Nifty include Yes Bank, Vedanta, Indiabulls Housing and Bajaj Finance.
Other Asian Stock Indexes such as Nikkei also plummeted by 4.35 per cent to 22,490.14 points and Shanghai Index is also down by 4.34 percent to 2,607.44.(ANI)
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More InformationWashington D.C. [USA], Feb 20 (ANI): American reality star Khloe Kardashian has called it quits with NBA player Tristan Thompson, ...
Washington D.C. [USA], Feb 19 (ANI): The rock band Queen is all set to perform at the Academy Awards ceremony ...
TEHRAN (Tasnim) - Visitors to a popular museum at the Grand Canyon in Arizona over the past two decades have ...
Miami Basketball Women NCAA Team of the Week after Louisville Win FanSided Following a 79-73 upset victory at number two ...
Mel Kiper predicts Johnathan Abram to Kansas City Chiefs in latest mock draft Arrowhead Addict If you ask Mel Kiper, ...
The Kansas City Chiefs dont need to do much in free agency Arrowhead Addict This time of year its easy ...
The Panthers could use a reliable backup QB, but is the risk of adding Colin Kaepernick worth the potential reward? ...
It will be a team effort in the evolution of Jackson and the passing game, and Robert Griffin III says ...
It's been nine years since the Seahawks applied their last - and only - franchise tag, but that could change ...
The 2016 second-round pick spent the summer relearning how to throw a football. And at age 24, this might be ...
All five of the rookies drafted in the first round in 2018 finished in the bottom 10 in QBR last ...
Having trouble figuring out the NFL's franchise and transition tags? We walk you through the ins and outs of the ...
DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...
Read More