Press Esc to close
Wednesday 28 January 2015
News updated at 3:53 AM IST
Weather
Max: 26°C
Min : 18°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
A MiG-27 of the Indian Air Force (IAF) crashes in Barmer district in Rajasthan on Tuesday...

A MiG-27 of the Indian Air Force (IAF) crashes in Barmer district in Rajasthan on Tuesday...

Goods trucks waits on Srinagar-Jammu National Highway during fresh snowfall...

Goods trucks waits on Srinagar-Jammu National Highway during fresh snowfall...

Indian and Chinese army officials standing near a rangoli, made on the occasion of Republic Day...

Indian and Chinese army officials standing near a rangoli, made on the occasion of Republic Day...

Barack Obama and Michelle Obama meet with nobel laureate Kailash Satyarthi and his wife Sumedha...

Barack Obama and Michelle Obama meet with nobel laureate Kailash Satyarthi and his wife Sumedha...

Cartoonist R K Laxman being accorded state funeral in Pune on Tuesday...

Cartoonist R K Laxman being accorded state funeral in Pune on Tuesday...

Barack Obama and  Michelle Obama greet people as they board Air Force One at Air Force Station...

Barack Obama and Michelle Obama greet people as they board Air Force One at Air Force Station...

Services' bands perform during the rehearsal for Beating Retreat ceremony in New Delhi...

Services' bands perform during the rehearsal for Beating Retreat ceremony in New Delhi...

India's BSF soldiers ride camels as they rehearse for 'Beating the Retreat' ceremony in New Delhi...

India's BSF soldiers ride camels as they rehearse for 'Beating the Retreat' ceremony in New Delhi...

Barack Obama and PM Narendra Modi recording 'Mann Ki Baat' show in New Delhi...

Barack Obama and PM Narendra Modi recording 'Mann Ki Baat' show in New Delhi...

Barack Obama and Michelle Obama stand with Saudi Arabia's King Salman...

Barack Obama and Michelle Obama stand with Saudi Arabia's King Salman...

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