Press Esc to close
Monday 26 June 2017
News updated at 3:38 AM IST

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

Mumbai, Dec 21,2012 DHNS: 22:10 IST
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
Prime Minister Narendra Modi being welcomed, on his arrival at Joint Base Andrews, Washington...

Prime Minister Narendra Modi being welcomed, on his arrival at Joint Base Andrews, Washington...

Senior CRPF and police officers carrying the coffin of SI/GD Sahab Shukla after wreath laying...

Senior CRPF and police officers carrying the coffin of SI/GD Sahab Shukla after wreath laying...

Senior BJP MLA Ghanshyam Tiwari stages 'satyagraha' against Rajasthan Chief Minister Vasundhara...

Senior BJP MLA Ghanshyam Tiwari stages 'satyagraha' against Rajasthan Chief Minister Vasundhara...

Hindu devotees pull the 'Rath' or the chariot of Lord Jagannath, during the annual Rath Yatra, or...

Hindu devotees pull the 'Rath' or the chariot of Lord Jagannath, during the annual Rath Yatra, or...

Acclaimed Odissi dancer Dona Ganguly's troupe performs during 46th ISKCON Rath Yatra of Lord...

Acclaimed Odissi dancer Dona Ganguly's troupe performs during 46th ISKCON Rath Yatra of Lord...

Switzerland's Roger Federer celebrates his victory in the final match against Germany's Alexander...

Switzerland's Roger Federer celebrates his victory in the final match against Germany's Alexander...

French Air Force Patrouille de France air demonstration teams take part in flying display during...

French Air Force Patrouille de France air demonstration teams take part in flying display during...

Penitents and costaleros of the Nuestro Padre Jesus Nazareno brotherhood carry a float bearing...

Penitents and costaleros of the Nuestro Padre Jesus Nazareno brotherhood carry a float bearing...

Over 10,000 Chinese yoga enthusiasts in Wuxi, a city near Shanghai in eastern China, took part in...

Over 10,000 Chinese yoga enthusiasts in Wuxi, a city near Shanghai in eastern China, took part in...

A student band dressed as Star Wars storm troopers hold their instruments during the walk...

A student band dressed as Star Wars storm troopers hold their instruments during the walk...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.