Sensex crashes over 600 points while Nifty opens below 10,700

Oct 04 2018 10:48 AM
Sensex crashes over 600 points while Nifty opens below 10,700

New Delhi: Sensex crashed over 600 points while Nifty slipped below 10,700 level on Thursday. Both Sensex and Nifty dished above 1.5 percentage in early morning trade. At 9.23 am the  BSE benchmark Sensex fallen over 518.63 points or 1.44 percent to 35,457.00. The NSE Nifty, also broken 169.10 points or 1.56 percent at 10,689.15.

Market saw heavy selling in IT, auto and telecom stocks, after the rupee distorted to a new life-time low amid heaving crude oil prices. On Thursday the rupee opened at a fresh record low of 73.60 against dollar against Wednesday's closing lifetime low of 73.34.

Yesterday, the BSE barometer dropped 550.51 points, or 1.51 percent. It  ended at 35,975.63.

Investor wealth battered by Rs 1.71 lakh crore Wednesday in tandem with a feeble broader market where the BSE benchmark Sensex  slipped 550 points.  As there is the sharp loss in the equity market so concequentially the market capitalization of the BSE-listed companies slipped Rs 1, 71,287.84 crore to Rs 1, 43, 71,351.05 crore.

MSCI`s broadest index of Asia-Pacific shares outside Japan plunged 1.1 percent. South Korea, the Philippines, Indonesia and Taiwan all went down. Even the Nikkei relieved 0.2 percent, as increasing yields offset heighten to exporters from a weaker yen, as Reuters report suggested.