Press Esc to close
Monday 08 February 2016
News updated at 10:14 PM IST
Weather
Max: 32°C
Min : 18°C
In Bengaluru
Partially cloudy

Sensex, Nifty down more than 1% over US fiscal woes

Mumbai, Dec 21,2012 DHNS:
A broker looks at a computer screen as he talks on a phone at a stock brokerage firm in Mumbai. Reuters file photo

Key benchmark indices on Friday slumped by more than a percent as stocks fell across the globe after an American Republican leaders' proposal on US fiscal crunch failed to get enough support yesterday, leading to an uncertainty on automatic spending cuts and tax increases set to start from January 2013.

Analysts pointed out profit-taking as another reason for the day's fall in D-Street as the barometer index of BSE reached its lowest closing level in more than a week, while the 50-unit S&P CNX Nifty reached its three-week low. BSE Mid-Cap and Small-Cap index dropped more than one percent each.

Market breadth was weak and cigarette maker ITC reversed intra-day losses in late trade, while Bharti Airtel shares fell after CBI filed charges as part of a probe into alleged corruption in allocation of mobile airwaves.  Another index heavyweight Reliance Industries (RIL) also extended losses in late trade.

India Infoline's Research Head Amar Ambani said: “The market appears to be in a sort of uncertainty with some kind of year-end fatigue. Global cues also were not supportive as fiscal cliff issues continue to overshadow any other economic news. In the coming curtailed week, volatility is likely to escalate due to F&O expiry.” 

The benchmark index at BSE - Sensex- lost 211.92 points or 1.09 percent to close at 19,242 points, lowest since December 13, 2012. 

The 50-unit S&P CNX Nifty at NSE lost 68.70 points or 1.16 percent to settle at 5,847.70, its lowest closing level since  November 29, 2012. The index hit high of 5,888 and a low of 5,841.65 in intra-day trade.

The market breadth, indicating the overall health of the market, was weak with as many as 1,939 shares on BSE declined while 979 shares rose. The turnover on the BSE amounted to Rs 2,214 crore, lower than Rs 2,423 crore on Thursday.


Go to Top

Photo Gallery
A leopard attacks a man in a school premises in Bengaluru on Sunday...

A leopard attacks a man in a school premises in Bengaluru on Sunday...

Sand sculpture of turtles at Marina Beach as part of a 'Save a Turtle campaign'...

Sand sculpture of turtles at Marina Beach as part of a 'Save a Turtle campaign'...

Awareness about road safety rules at the launch of 'Aster SafeRoads campaign in New Delhi...

Awareness about road safety rules at the launch of 'Aster SafeRoads campaign in New Delhi...

Tourists enjoy Shikara rides at Dal Lake as tourism in J&K comes back to life after 2014 floods...

Tourists enjoy Shikara rides at Dal Lake as tourism in J&K comes back to life after 2014 floods...

Gen DS Hooda pays tribute at Jagdunath memorial on the occasion of Nowshera Day celebration...

Gen DS Hooda pays tribute at Jagdunath memorial on the occasion of Nowshera Day celebration...

Swimmer Sayani Ghosh during final round of women 400M Medley event at the 12th South Asian Games...

Swimmer Sayani Ghosh during final round of women 400M Medley event at the 12th South Asian Games...

Swimmer Sayani Ghosh (M), Shraddha Sudhir (L) and Sri Lankan swimmer JUI Silva (R), with their medal

Swimmer Sayani Ghosh (M), Shraddha Sudhir (L) and Sri Lankan swimmer JUI Silva (R), with their medal

Indian Swimmers Sajan Prakash (M), Saurabh Sangvekar (R) and Bangladeshi swimmer Mahfizur Rahman...

Indian Swimmers Sajan Prakash (M), Saurabh Sangvekar (R) and Bangladeshi swimmer Mahfizur Rahman...

Indian and Nepal women Hockey Team players in action during the 12th South Asian Games in Guwahati..

Indian and Nepal women Hockey Team players in action during the 12th South Asian Games in Guwahati..

Cyclists on a 40 kms criterium race during 12th South Asian Games, in Guwahati on Sunday...

Cyclists on a 40 kms criterium race during 12th South Asian Games, in Guwahati on Sunday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523