Sensex Plunges Over 400 Points, Nifty Below 10,900: 10 Things To Know

INSUBCONTINENT EXCLUSIVE:
HDFC, HDFC Bank, ICICI Bank and Reliance Industries were the top drags on the Sensex Domestic stock
markets started Tuesday's session on a sharply weak note, after government data showed economic growth slowed to a six-year low in the
June quarter
The S-P BSE Sensex fell as much as 444.34 points to 36,888.45 in early trade, and the broader NSE Nifty index slid to 10,885.85 at the day's
weakest level, down 137.4 points from the previous close
A selloff across sectors - led by banking, energy, auto and metal shares - dragged the markets lower
Analysts say macroeconomic data refuelled concerns about economic growth while reigniting fears a recovery may be further up ahead
Here are 10 things to know:At 9:44 am, the Sensex traded 403.18 points - or 1.08 per cent - lower at 36,929.61, while the
Tata Motors, Bharat Petroleum, UltraTech Cement, Indiabulls Housing Finance and ICICI Bank, trading between 2.65 per cent and 3.80 per cent
data highlighted concerns about a downturn in the economy amid production cuts and lakhs of estimated job cuts in the auto sector.The Nifty
Also on Friday, the government announced a mega merger of banks that would more than halve the number of state-run lenders in the system to
12
reaction in banks
as against 7.3 per cent in the corresponding period a year ago
Measured by the Index of Eight Core Industries, core sector activity has a weightage of about 40 per cent in the Index of Industrial
said on Monday it lodged a complaint against the US at the World Trade Organization over its import duties, trashing the latest tariff
actions as violating the consensus reached by leaders of China and the US in a meeting in Osaka.The Sensex and Nifty had ended 0.70 per cent
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