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

Sat, 06 Jun 2020

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

18 ℃

Mostly Cloudy in Moscow/Vnukovo

Europe

Section

Dubai's Special Forces raid home in high profile arrest

DUBAI, UAE - Dubai security officials have arrested a Danish man wanted by Interpol in a sting operation.Amir Faten Mekky, ...

Two Russians expelled from embassy by Czech government

PRAGUE, Czech Republic - Czech Prime Minister Andrej Babis says his government has decided to designate two staff members at ...

Real contradition on U.S. call for unity at G7, says France

PARIS, France, June 3 (Xinhua) -- France will maintain its planned tax on digital services at the Organization for Economic ...

Russian women of the 1990s (PHOTO)

History June 06 2020 Russia BeyondGetty Images, Vladimir Vyatkin/Sputnik With the collapse of the USSR came the "wild 90s" - ...

Nearly 1,000 COVID-19 Deaths Recorded in US in 1 Day

The World Health Organization (WHO) has changed its advice on face masks, saying they should be worn where COVID-19 is ...

Report: German Neo-Nazis Training At Russian Terrorist Camp

German neo-Nazis are conducting paramilitary training with a Russian ultranationalist group at a camp near St. Petersburg, German magazine Focus ...

International

Section

Dubai's Special Forces raid home in high profile arrest

DUBAI, UAE - Dubai security officials have arrested a Danish man wanted by Interpol in a sting operation.Amir Faten Mekky, ...

Irrational exuberance hits Wall St on stunning employment data

NEW YORK, New York - U.S stocks roared on Friday as employment data showed the U.S, economy could bounce back ...

Two Russians expelled from embassy by Czech government

PRAGUE, Czech Republic - Czech Prime Minister Andrej Babis says his government has decided to designate two staff members at ...

Chinese capital returning to normal, threat level lowered again

BEIJING, June 5 (Xinhua) -- Beijing will lower its emergency response to the novel coronavirus epidemic from the second level ...

75% of consumers in UK, Australia and U.S. slam Chinese government

LONDON, UK - More than 75% of consumers in the UK, US and Australia blame the Chinese government for the ...

Proposed Israeli developments in east Jerusalem draw Palestinian ire

JERUSALEM - The only Palestinian industrial area in East Jerusalem is to be demolished, and the present occupiers of the ...

Movie Review

The Silence (Tystnaden)

Silence