Press Esc to close
Tuesday 26 July 2016
News updated at 1:35 AM IST
Weather
Max: 27.6°C
Min : 20.4°C
In Bengaluru
Sunny day

Sensex tumbles below 19 K level; tanks 423 pts in early trade

Mumbai, Jun 20, 2013 (PTI)
Reuters Image

The BSE benchmark Sensex today tanked over 423 points to dip below 19,000 level in the early trade on all-round selling, triggered by a weakening trend overseas on concerns that inflows to emerging markets may hit after US Fed taper off its stimulus programme later this year.

The 30-share index slipped below 19,000 points by plunging 423.05 points, or 2.19 per cent, to 18,822.65, with all sectoral indices trading in negative territory with fall up to 3.03 per cent. The gauge had gained 22.42 points in the previous session.

Similarly, the wide-based National Stock Exchange index Nifty slipped below 5,700 points mark by falling 122.40 points, or 2.10 per cent, to 5,699.85.

Brokers said sentiments turned bearish largely in line with weak trend in the Asian region following overnight sharp falls at the US market after Federal Reserve Chairman Ben Bernanke said it could start tapering off its massive stimulus programme later this year, triggering major sell-off by funds.

In the Asian region, Hong Kong's Hang Seng index was down 1.52 per cent, while Japan's Nikkei Index shed 1.08 per cent in the morning trade today.

The US Dow Jones Industrial Average ended 1.35 per cent lower in yesterday's trade.


Go to Top

Photo Gallery
Legendary Santoor player Pandit Shivkumar Sharma being felicitated during an event...

Legendary Santoor player Pandit Shivkumar Sharma being felicitated during an event...

Members of the Indian archery team, the first to reach Brazil for the upcoming Olympics...

Members of the Indian archery team, the first to reach Brazil for the upcoming Olympics...

Kanwarias on their way to offer holy water to Lord Shiva on the occasion of holy month of Shravan...

Kanwarias on their way to offer holy water to Lord Shiva on the occasion of holy month of Shravan...

Actress Kajal Aggarwal receiving an award at 'Femina Power List South 2016'...

Actress Kajal Aggarwal receiving an award at 'Femina Power List South 2016'...

Coast Guard IG Rajan Bargotra briefing on the search operations of missing IAF AN-32 aircraft...

Coast Guard IG Rajan Bargotra briefing on the search operations of missing IAF AN-32 aircraft...

Mumbai crowned Premier Futsal champions in Mapusa...

Mumbai crowned Premier Futsal champions in Mapusa...

Chief of Army Staff, General Dalbir Singh paying homage to the martyrs of OP VIJAY...

Chief of Army Staff, General Dalbir Singh paying homage to the martyrs of OP VIJAY...

School studentsí celebrate Kargil Vijay Diwas in Jalandhar...

School studentsí celebrate Kargil Vijay Diwas in Jalandhar...

Forest officials patrolling in a boat on the flooded Kaziranga National Park on Monday...

Forest officials patrolling in a boat on the flooded Kaziranga National Park on Monday...

KSRTC buses were parked on following the State Transport Unions strike...

KSRTC buses were parked on following the State Transport Unions strike...

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