Ummid Assistant

Exploring Ramadan: A complete guide in video with English translation

IGNOU trains teachers to develop online courses

Welcome Guest! You are here: Home Business & Economy

Sensex slumps to 18 months low on uncertain global cues

Saturday August 27, 2011 01:20:37 PM, IANS

Related Article

Sensex plunges to 15-month low on global turmoil

Indian equities markets benchmark indices slumped to a 15-month low as turmoil in global bourses over the fears of another round of slowdown in the world economy dampened investors' sentiments. 

Weekly Review: Sensex plunges 466 points on global turmoil

Sensex firm at 17,000+ though closes 71 points lower

Market bounces back, Mukherjee says sign of strong fundamentals

Sensex falls further as market meltdown continues

Mumbai: Benchmark indices of Indian equities markets slumped to a one-and-a-half year low during the week just ended on heavy selling pressure by foreign institutional investors amid uncertain global cues.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) slumped 1.81 percent or 292.84 points at 15,848.83 points in the weekly trade.

This is the fifth consecutive weekly drop in the benchmark Sensex.

The markets witnessed volatile trading during the week. The 30-scrip benchmark index gained more than two percent in the first two day of trading this week. However, the Sensex tumbled in the later part of the week.

The 30-scrip index tanked 297.5 points or 1.84 percent at 15,848.83 points Friday.

At the National Stock Exchange, the 50-scrip S&P CNX Nifty also slumped nearly two percent during the weekly trade. The Nifty closed 1.9 percent down at 4,747.8 points Friday.

Selling pressure was across the market breadth Friday. Of the 30 scrips that constitute the Sensex, only three closed in the positive: Hero MotoCorp, up 2.7 percent at Rs.1,952.45; M&M, up 1.2 percent at Rs.704.65 and Infosys, up 0.68 percent at Rs.2,204.55.

Major Sensex losers were: Jaiprakash Associates, down 7.58 percent at Rs.54.90; DLF, down 5.76 percent at Rs.175.85; Tata Steel, down 4.77 percent at Rs.422.25 and RIL, down 4.61 percent at Rs.719.50

Other Asian markets ended the week on a mixed note. The benchmark Japanese Nikkei closed 0.29 percent higher at 8,797.78 points, while Hong Kong's Hang Seng ended 0.86 percent down at 19,582.88 points.

The Chinese Shanghai Composite index was down 0.12 percent at 2,612.19 points.

Most European also ended in the week in the red. The French CAC 40 fell 1.01 percent at 3,087.64 points. The German DAX declined 0.84 percent at 5,537.48 points, while the FTSE 100 of UK closed 0.02 percent down at 5,129.92 points.

However, the American markets closed in the positive after US Federal Reserve Chairman Ben Bernanke said the regulators would provide economic stimulus if needed to bring the growth momentum back on track.

The US markets ended almost 1.5 percent higher, reversing losses of as much as 2 percent just after Bernanke started his speech at the Fed's annual retreat in Jackson Hole, Wyoming Friday.

The Dow Jones Industrial Average closed 1.21 percent higher at 11,284.50 points and the S&P 500 index gained 1.51 percent to close at 1,176.80 points Friday.





Bookmark and Share

Home | Top of the Page



Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS




Top Stories

Loksabha begins debate on Lokpal Bill

Finance Minister Pranab Mukherjee Saturday initiated a debate in the Lok Sabha on the Lokpal bill. He began by recounting the chain 

Parliament to discuss three versions of Lokpal bill Friday: Khurshid

Lok Sabha to sit Saturday, may discuss Lokpal


  Most Read

Obama declares emergency for New York ahead of hurricane

US President Barack Obama declared Friday a state of emergency for New York state as Hurricane Irene is approaching the US East Coast, Xinhua reported. Obama cut short his vacation in Martha's  

Israel using new methods to torture Palestinians, Arab prisoners

The Mandela Institute for Political Prisoners said in a press statement that the Israeli internal intelligence agency Shin Bet has been using painful means mental and physical of torture that leave fewer physical evidence such as forcing prisoners to sit in tiny chairs with hands and feet tied,  


  News Pick

Lokpal bill alone can't end corruption: Rahul Gandhi

As uncertainty continued on whether Anna Hazare would end his 11-day fast against corruption  

Experts support Rahul's Lokpal idea

Rajiv Gandhi killers to hang Sep 9

he three men facing death penalty for the 1991 assassination of former prime minister Rajiv Gandhi will be hanged Sep 9 in Tamil Nadu's  

Spare Rajiv assassins' lives: Karunanidhi to Sonia

Gaddafi kept album of Condoleezza Rice's photos

Libyan leader Muammar Gaddafi kept a photo album filled with pictures of former US Secretary of State Condoleezza Rice, and claimed to "love" and "admire" her because she was a "black woman of African origin", a  

Who is robbing parliament's dignity?

As the peoples' uprising against a venal political class in India shows no signs of abating, a strange din is evident in some debates and comments. Apart  

Anna supporter enters parliament complex, detained


Picture of the Day

Anna mocks Congress charge of RSS, BJP support. But in Malegaon, BJP is using hoardings to garner support for Hazare. Also, there are good number of BJP workers and hardcore RSS activists in the rallies called to support Hazare.




RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes










Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.