Sensex falls 263 pts on feeble data,worldwide cues
Sensex falls 263 pts on feeble data,worldwide cues
Share:

Mumbai;June 13, 2016:The benchmark BSE Sensex cut down by over 263 points and the NSE Nifty dipped below the 8,100-mark in early trade.

The 30-share indicator dived by 263.24 points or 0.98 %  at 26,372.51 with all the sectoral indices led by capital goods, banking and auto in the red, falling up to 1.34 %. It had lost 384.91 points in the earlier two sessions.

On similar lines, the NSE Nifty cracked below 8,100-level by falling 79.10 points or 0.96 % to 8,090.95.

Brokers said, “ market mood took a hit after a government data, which was released after trading hours on Friday showed industrial output contracted by 0.8 per cent in April, the first decline in three months, due to drastic fall in capital goods production and manufacturing activities.”

However, inflation data, is lined up for later in the day.

According to the brokers said, “A weak trend in other Asian markets in line with sell-off in the US and Europe on Friday, on renewed worries about the global economy and uncertainty over Britain's future in the European Union, also dented sentiment”

As they added, “Caution also prevailed ahead of the US Federal Reserve meeting next week”.

Hong Kong's Hang Seng was down 2.56 %, Shanghai's Composite index fell 0.67 % although Japan's Nikkei shed 2.61 %.

However, the US Dow Jones Industrial Average ended 0.67 % lower in Friday's trade.

Join NewsTrack Whatsapp group
Related News