ensex cracks over 600 points before poll outcome: 10 points – The BSE benchmark Sensex cracked over 600 point screating a havoc on Dalal street.
Taking cues from the exit poll as well as weak global trends, Sensex on Monday tanked over 400 points while Nifty has given up 10,600 in pre-opening trade. At 9:19, Sensex was in red at 35,169.39, down by 503.86 or 1.41%. The Nifty50 was at 10,550.30, down by −143.40 or 1.34%.
Below are 10 latest developments:
1. At 10:47, Sensex was down by 614.14 or 1.72% to trade at 35,059.11 points, while Nifty was at 10,506.50.
2. The rupee depreciated 59 paise to 71.40 against the US dollar in early trade at the interbank foreign exchange market today due to strengthening of US dollar against some currencies overseas.
3. The exit polls on state assembly elections predicted that the ruling BJP might lose three states in poll outcome. Now, the market is worrying over the results that would be out on Tuesday.
4. Besides exit poll, key indices were also weighed down due to Asian peers including Hang Seng, Nikkei and Shanghai were trading in red, tracking a sell-off on Wall Street fuelled by lingering concerns about the China-US trade standoff.
5. Crude oil prices jumped in the global markets as Opec decided a cut in production from January. Shares of airline companies are weak on the back of rise in prices.
6. Shares of Mukesh Ambani-led Reliance Industries plunged by more than 4% this morning to hit the day’s low at Rs 1,133 on NSE.
7. Among the intial losers were shares of Adani Ports, M&M, and Indiabulls Housing, however, TCS was the sole gainer.
8. The 10-year benchmark bond yield rose to 7.50 per cent from 7.46 per cent, reported Reuters.
9. According to provisional NSE data on Friday, foreign portfolio investors sold while domestic institutional investors bought net shares worth Rs 817.4 crore and Rs 242.56 crore respectively.
10. Traders returned from the weekend to face a growing wall of worry, with the world’s largest economies — the United States, China and Japan — all reporting weaker-than-expected data which pointed to moderating activity.