Press Esc to close
Thursday 02 July 2015
News updated at 1:31 PM IST
Weather
Max: 31°C
Min : 21°C
In Bengaluru
Partially cloudy

Sensex down 134pts as Cyprus bailout weighs on global stk mkts

Mumbai, March 18, 2013 (PTI)
File Photo

The BSE benchmark Sensex today slumped by 134.26 points to end at two-week low of 19,293.20 on heavy selling in global markets on reports of a proposed bailout of Cyprus which renewed concerns over Eurozone crisis.

The Sensex, which had lost 143 points in the previous session, fell by 134.36 points, or 0.69 per cent, to 19,293.20, a level last seen on March 6.

The broad-based National Stock Exchange index Nifty dropped by 37.35 points, or 0.64 per cent to 5,835.25.

"The Cyprus issue created an initial panic in the Indian markets, which opened gap-down. For rest of the day, markets did recover a bit but remained on tenterhooks," said Nagji K Rita, Chairman & MD, Inventure Growth & Securities.

Finance Ministers in Euro area reached a pact on March 16 forcing depositors in Cyprus banks to share in the cost of the bailout. The country's parliament, however, is yet to vote on the proposed Euro 10 billion bailout deal with lenders.

Brokers said funds turned cautious and investors offloaded part of their positions before the Reserve Bank of India policy meeting tomorrow. ICICI Bank dropped by 1.50 per cent, SBI by 0.58 per cent and HDFC Ltd by one per cent.

Among other interest-sensitive stocks, DLF fell by 0.84 per cent, Unitech by 3.15 per cent, Maruti Suzuki by 2.98 per cent, Bajaj Auto by 2.06 per cent and Tata Motors by 1.55 per cent.

Reliance Industries also dropped by 1.45 per cent and Infosys by 0.77 per cent.
Sectorally, the metal sector index suffered the most by losing 2.34 per cent to 9,045.62, followed auto index by 1.44 per cent to 10,472.49. Realty sector index lost 1.21 per cent to 2,023.53 and Banking index by 0.67 per cent to 13,475.58.


Go to Top

Photo Gallery
Shuttler Jwala Gutta at a press conference at LB Indoor Stadium in Hyderabad...

Shuttler Jwala Gutta at a press conference at LB Indoor Stadium in Hyderabad...

Bollywood actress Sunny Leone after a press conference in Mumbai...

Bollywood actress Sunny Leone after a press conference in Mumbai...

Sadhus stand in a queue to register themselves for the annual pilgrimage to the Amarnath cave...

Sadhus stand in a queue to register themselves for the annual pilgrimage to the Amarnath cave...

A paramilitary soldier keeps a watch on the Jammu- Srinagar highway...

A paramilitary soldier keeps a watch on the Jammu- Srinagar highway...

Children reading the Quran in the holy month of Ramadan in Agartala...

Children reading the Quran in the holy month of Ramadan in Agartala...

A house collapses at Mirik after landslides triggered heavy rains in Darjeeling...

A house collapses at Mirik after landslides triggered heavy rains in Darjeeling...

Army aspirants travel on the roof of a train in Jodhpur after participating recruitment rally...

Army aspirants travel on the roof of a train in Jodhpur after participating recruitment rally...

Women take selfies with their girl children as part of the 'Beti Bachao Beti Padhao' campaign...

Women take selfies with their girl children as part of the 'Beti Bachao Beti Padhao' campaign...

Farmers participate in a bull race at a paddy field in Canning village in South 24 Pargana...

Farmers participate in a bull race at a paddy field in Canning village in South 24 Pargana...

Pranab Mukherjee offers prayers to the sacred Dwajasthambham (flag-mast) of Lord Shiva...

Pranab Mukherjee offers prayers to the sacred Dwajasthambham (flag-mast) of Lord Shiva...

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