Press Esc to close
Tuesday 06 December 2016
News updated at 1:01 PM IST
Weather
Max: 29.4°C
Min : 19.6°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 woman walks past a portrait of J. Jayalalithaa, Chief Minister of the southern state...

A woman walks past a portrait of J. Jayalalithaa, Chief Minister of the southern state...

A cleaner machine cleans Dal Lake during heavy fog in Srinagar on Monday...

A cleaner machine cleans Dal Lake during heavy fog in Srinagar on Monday...

Artists paint graffiti on a wall to promote cleanliness in Civil Line in Gurugram on Monday...

Artists paint graffiti on a wall to promote cleanliness in Civil Line in Gurugram on Monday...

Bollywood actors Salman Khan and Shahrukh Khan during the 23rd Annual Star Screen Awards 2016...

Bollywood actors Salman Khan and Shahrukh Khan during the 23rd Annual Star Screen Awards 2016...

Bollywood actress Rekha performs during the 23rd Annual Star Screen Awards 2016 in Mumbai...

Bollywood actress Rekha performs during the 23rd Annual Star Screen Awards 2016 in Mumbai...

Bollywood actors Salman Khan and Daisy Shahi during the 23rd Annual Star Screen Awards 2016...

Bollywood actors Salman Khan and Daisy Shahi during the 23rd Annual Star Screen Awards 2016...

India's Srinidhi Shetty after being crowned as Miss Supranational 2016 title in Poland...

India's Srinidhi Shetty after being crowned as Miss Supranational 2016 title in Poland...

Migratory Siberial sea gulls flying at Sangam during a cold and foggy morning at Sangam...

Migratory Siberial sea gulls flying at Sangam during a cold and foggy morning at Sangam...

Trainee soldiers undergoing obstacle trainings during a media visit to Army Service Corps....

Trainee soldiers undergoing obstacle trainings during a media visit to Army Service Corps....

The trainee soldiers undergoe obstacle trainings during a media visit to Army Service Corps....

The trainee soldiers undergoe obstacle trainings during a media visit to Army Service Corps....

Like us on Facebook

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