Tuesday 12th, November 2019
canara news

Sensex crashes 521 pts in early trade on profit-booking

Published On : 04 Sep 2015


Mumbai, Sep 4, 2015, (PTI) The benchmark BSE Sensex plunged over 521 points and the NSE Nifty fell below 7,700-mark in early trade today as retail investors booked profits after amid sustained capital outflows by foreign funds.

A weak trend on other Asian markets as investors turned cautious ahead of the US job data to be released later in the day, also triggered selling by participants.
The 30-share barometer, which gained 311.22 points in the previous session, tanked 521.63 points, or 2.02 per cent, to 25,243.15. All the sectoral indices, led by realty and bankex, were trading in the negative zone with losses of up to 3.75 per cent.

The National Stock Exchange index Nifty dipped below the crucial 7,700-mark by falling 134.10 points, or 1.71 per cent, to 7,688.90.

Brokers said besides profit-booking by speculators and sustained capital outflows by foreign funds, a weak trend on other Asian bourses with investors awaiting a key US jobs report influenced sentiments here.

The European Central Bank indicating that it could expand its stimulus also weighed on the market sentiment, they said.

Brokers also said that fears of poor agriculture output as monsoon deficit widened triggered selling in stocks.

Among other Asian markets, Japan's Nikkei was trading 1.13 per cent down, while Hong Kong's Hang Seng shed 0.19 per cent in early trade today.

The US Dow Jones Industrial Average, however, ended 0.14 per cent higher in yesterday's trade.







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.