Sensex nosedives 1,000 points, Nifty near 10,144

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)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.

More Information

32 ℉

Washington

US Sports

Section

Khloe Kardashian breaks up with Tristan Thompson

Washington D.C. [USA], Feb 20 (ANI): American reality star Khloe Kardashian has called it quits with NBA player Tristan Thompson, ...

Queen and Adam Lambert to perform at 2019 Oscars

Washington D.C. [USA], Feb 19 (ANI): The rock band Queen is all set to perform at the Academy Awards ceremony ...

Grand Canyon Tourists Exposed to Radiation: Report

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

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

Mel Kiper predicts Johnathan Abram to Kansas City Chiefs in latest mock draft Arrowhead Addict If you ask Mel Kiper, ...

The Kansas City Chiefs don't need to do much in free agency

The Kansas City Chiefs dont need to do much in free agency Arrowhead Addict This time of year its easy ...

NFL

Section

Movie Review

My Little Pony: The Movie

Featured story

Ireland's Keywords Studios acquires Canada's Snowed In

DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...