Friday 18 April 2014
News updated at 1:13 PM IST
Weather
Max: 34.6°C
Min : 22.1°C
In Bangalore
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
Britain's Catherine (2nd R), Duchess of Cambridge, strokes Fred the ram as her husband Prince...

Britain's Catherine (2nd R), Duchess of Cambridge, strokes Fred the ram as her husband Prince...

An anti-government protester throws a molotov cocktail at the Bolivarian National Police during...

An anti-government protester throws a molotov cocktail at the Bolivarian National Police during...

A Soleil supercar is seen during a press event at the Jacob Javits Convention Center during the...

A Soleil supercar is seen during a press event at the Jacob Javits Convention Center during the...

Toronto Mayor Rob Ford bobble heads are on display for sale as Ford launches his re-election...

Toronto Mayor Rob Ford bobble heads are on display for sale as Ford launches his re-election...

A Buddhist monk prays for missing passengers who were on the South Korean ferry 'Sewol' which...

A Buddhist monk prays for missing passengers who were on the South Korean ferry 'Sewol' which...

U.S. first lady Michelle Obama obliges cheering students by showing off the hand signal the...

U.S. first lady Michelle Obama obliges cheering students by showing off the hand signal the...

A FedEx truck drives past a makeshift memorial, set up in memory of those who died last week when...

A FedEx truck drives past a makeshift memorial, set up in memory of those who died last week when...

A Koenigsegg supercar is seen during a press event at the Jacob Javits Convention Center during...

A Koenigsegg supercar is seen during a press event at the Jacob Javits Convention Center during...

Former U.S. Secretary of State Hillary Clinton participates in A No Ceilings Conversation at...

Former U.S. Secretary of State Hillary Clinton participates in A No Ceilings Conversation at...

A man carries a flower wreath while passing through a line of police officers outside the funeral...

A man carries a flower wreath while passing through a line of police officers outside the funeral...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523