Press Esc to close
Wednesday 28 September 2016
News updated at 10:27 AM IST
Weather
Max: 29.3°C
Min : 20.9°C
In Bengaluru
Generally cloudy

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
Congress Vice President Rahul Gandhi during his Kisan Yatra in Lakhimpur...

Congress Vice President Rahul Gandhi during his Kisan Yatra in Lakhimpur...

Foreign tourists enjoy with the folk artists at Junagarh Fort on the World Tourism Day...

Foreign tourists enjoy with the folk artists at Junagarh Fort on the World Tourism Day...

Akshay Kumar with his mother-in-law actress Dimple Kapadia attending the music launch...

Akshay Kumar with his mother-in-law actress Dimple Kapadia attending the music launch...

Finalists of a dance reality show Ashish Das and Masoom Narzary perform at a show...

Finalists of a dance reality show Ashish Das and Masoom Narzary perform at a show...

Kejriwal is tied a turban during a programme on 110th birth anniversary of Shaheed Bhagat Singh...

Kejriwal is tied a turban during a programme on 110th birth anniversary of Shaheed Bhagat Singh...

Young girls pay floral tribute to Freedom Fighter Shaheed Bhagat Singh...

Young girls pay floral tribute to Freedom Fighter Shaheed Bhagat Singh...

School students pay tribute to Shaheed Bhagat Singh on his birth anniversary at a School...

School students pay tribute to Shaheed Bhagat Singh on his birth anniversary at a School...

President Barack Obama smiles as he wears a blanket that was presented to him....

President Barack Obama smiles as he wears a blanket that was presented to him....

Donald Trump shakes hands with Hillary Clinton following the presidential debate...

Donald Trump shakes hands with Hillary Clinton following the presidential debate...

Bill Clinton shakes hands with Melania Trump, wife of Donald Trump before the presidential debate...

Bill Clinton shakes hands with Melania Trump, wife of Donald Trump before the presidential debate...

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