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 Moscow Inquirer.

More Information

-2 ℃

Moscow

Europe

Section

Irish and French ministers confer on post-Brexit fishing

DUBLIN, Ireland - Ireland's Minister for Agriculture, Food and the Marine Michael Creed met up with Jean-Yves Le Drian, the ...

Jeremy Corbyn disappointed with 7 breakaways

LONDON, UK - Seven Labour Party MPs have resigned from the party to form their own group with shared policies, ...

Theresa May lines up another meeting with Jean-Claude Juncker

LONDON UK - British Prime Minister Theresa May says she will meet with European Commission President Jean-Claude Juncker this week, ...

Russia will retaliate if threatened by US: Putin

Moscow [Russia], Feb 20 (ANI): Russian President Vladimir Putin on Wednesday reinforced that Moscow would deploy "tit-for-tat and asymmetric measures" ...

Ruling Due For American Held On Russian Spy Charge

A court in Moscow is expected to decide on the extension of pretrial detention for a former U.S. Marine being ...

EU Extends Belarus Arms Embargo

BRUSSELS -- EU ambassadors on February 20 extended for another year an arms embargo against Belarus and sanctions on four ...

International

Section

Movie Review

Deadpool 2

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 ...