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)
Get a daily dose of Dublin News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.
More InformationDUBAI, UAE - The property market in Dubai has been sinking since 2014, and is likely to remain depressed for ...
LONDON, UK - The founder of Huawei has hit back at U.S. criticism of his company, accusing the United States ...
ISLAMABAD, Pakistan - Saudi Arabia has agreed to invest an intial $20 billion in Pakistan, and plans to invest much ...
Diehard jihadists have blocked roads out of the last scrap of their Islamic State group "caliphate" in Syria, US-backed forces ...
ANKARA, Turkey - The Central Bank of the Republic of Turkey has lowered reserve requirement ratios to improve liquidity in ...
PALM BEACH, Florida - U.S. President Donald Trump has been briefed on current discussions on trade, underway between the U.S., ...
LONDON, UK - Seven Labour Party MPs have resigned from the party to form their own group with shared policies, ...
LONDON UK - British Prime Minister Theresa May says she will meet with European Commission President Jean-Claude Juncker this week, ...
WARSAW, Poland - U.S. Vice President Mike Pence zeroed in onĀ Iran on Thursday when he addressed Polish Prime Minister Mateusz ...
Moscow [Russia] Dec 20 (ANI): A day after Facebook blocked a page run by state-funded RT television, Russian Foreign Minister ...
London [UK], Feb 19 (ANI): Car manufacturing giant Honda on Tuesday announced plans to shut down its manufacturing plant in ...
Tokyo [Japan], Feb 19 (ANI): Japan has joined a growing list of countries who have extended support to Venezuela's National ...
DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...
Read More