Indian equity market was under pressure and fell over 2.5%. 30 stock index Sensex tanks 526 points, the biggest daily percentage fall in 21 months and ended the day at 18719 while Nifty dives 166 points and ended at 5655.
Indian equity market extended its losses after the US Federal Reserve said it plans to gradually withdraw bond purchase program towards the end of 2013 and wrap up in 2014.
The Indian rupee depreciated to 59.77 per dollar as against previous day's closing of 58.70 per dollar.
Among the sectoral indices CNX Realty plunged by -5.35% followed by CNX Metal (-4.55%) and Bank Nifty (-4.03%). All other major indices ended at negative territory.
Out of 50 stocks of Nifty only 2 stocks ended in green zone remaining 48 stocks ended in red.
Top Nifty gainers: Sun Pharma (0.60%) and Ambuja cement (0.05%) were only gainers of the day.
Top Nifty losers: Jindal Steel (-10.82), JP Associate (-7.34%), DLF (-7.22%), Tata Steel (-6.97%) and Reliance Infrastructure (-6.77%) were among the top Nifty losers.
To understand the global practices prevailing in securities market, join our flagship course – Internationally Certified Financial Market Programme (CFMP). For more information call +91-9582000102.
No comments:
Post a Comment