Press Esc to close
Wednesday 29 July 2015
News updated at 2:34 AM IST
Weather
Max: 19°C
Min : 32°C
In Bengaluru
Rain lightly

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
Students of Indian Institute of Science (IISC) pays tribute to former President Abdul Kalam...

Students of Indian Institute of Science (IISC) pays tribute to former President Abdul Kalam...

People paying respects to the sand sculpture of former President APJ Abdul Kalam...

People paying respects to the sand sculpture of former President APJ Abdul Kalam...

The Indian national flag flies at half mast on the dome of India's presidential palace Rashtrapati..

The Indian national flag flies at half mast on the dome of India's presidential palace Rashtrapati..

Artist Ramzan Hussain makes a pencil sketch of former President APJ Abdul Kalam...

Artist Ramzan Hussain makes a pencil sketch of former President APJ Abdul Kalam...

SSM School students during the condolence meeting of Former President APJ Abdul Kalam...

SSM School students during the condolence meeting of Former President APJ Abdul Kalam...

School children in tears as they light candles to pay tribute to former President APJ Abdul Kalam..

School children in tears as they light candles to pay tribute to former President APJ Abdul Kalam..

Sachin Tendulkar paying his last respects to former President APJ Abdul Kalam...

Sachin Tendulkar paying his last respects to former President APJ Abdul Kalam...

Pranab Mukherjee laying a wreath on the mortal remains of former President APJ Abdul Kalam...

Pranab Mukherjee laying a wreath on the mortal remains of former President APJ Abdul Kalam...

Narendra Modi pays respect after the body of former President A.P.J. Abdul Kalam...

Narendra Modi pays respect after the body of former President A.P.J. Abdul Kalam...

Indian Air Force personnel pay their respects to former President of India APJ Abdul Kalam...

Indian Air Force personnel pay their respects to former President of India APJ Abdul Kalam...

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