Thursday 11 February 2016

Bloodbath on Dalal Street continues; Sensex cracks 23,000-mark, Nifty under 7,000-level


The 30-share index was trading down by  782.06 points or  3.29 percent at 22,976.84 after moving in range of 23,758.46- 22,914.53 with all sectoral indices led by metal, capital goods, banking and realty leading the fall.
The Sensex had lost 858 points in the previous three days.
Similarly, the National Stock Exchange Nifty also dropped below 7,000 mark. It last quoted down over 230.20 points or 3.19 percent at 6,985.50 after making a high and low of  7,208.65-6,963.
Brokers said persistent selling by participants, tracking a weak trend at Asian markets where Hong Kong stocks plunged 4 percent to three-year low today, leading another sell-off across Asian markets and extending a global rout.
Furthermore, depreciating rupee against the dollar also negatively impacted sentiment, they said.


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