INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The benchmark indices on Wednesday witnessed yet another day of steep fall, as BSE Sensex finished lower for a sixth straight
session while its NSE counterpart Nifty settled in the red for the third day in a row.
BSE Sensex shut shop 139.61 points, or 0.37 per cent,
The index plunged 383.50 points intraday to hit a low of 37,774.42
In the 30-share index, 16 stocks settled the day higher whereas the rest 15 ended the day on a weaker note.
FMCG major Hindustan Unilever
for the second straight day emerged as the top index loser
It ended 2.45 per cent lower at Rs 1,611
YES Bank was the top performer as it ended 2.93 per cent higher at Rs 343.90
It was followed by Vedanta, Adani Ports, Wipro, Sun Pharma and Tata Motors with gains of up to 2 per cent.
NSE's Nifty closed the session
43 points, or 0.38 per cent, lower at 11,476.95 with 25 stocks settling in the red while the remaining 25 settled in the green
YES Bank was the top Nifty gainer whereas Bharti Infratel the worst laggard.
Among sectoral indices, metals, pharma and auto stocks managed
to close higher with gains of over 1 per cent
Nifty Realty index was the worst index performer, followed by Nifty Media, Nifty FMCG and Nifty Finserve.
What caused the market fall1
Fall in rupeeThe domestic unit plunged to its fresh record low of 71.96 againt the dollar, just 4 paise shy of the 72-mark.
2
Spike in bond yieldsThe 10-year bond yield has hardened to over 8 per cent, sparking fears of further rate hike by the Reserve Bank of India
Weakness in global marketsA looming deadline in the US-China trade conflict kept the dollar near two-week highs, inflicting fresh losses on
emerging markets and sending world stocks lower for the fourth day in a row, Reuters reported.
The United States and Canada will also resume
discussions on Wednesday on revamping the North American Free Trade Agreement.
European shares retreated 0.7 percent to two-month lows,
following weak closes in Asia.
4
Sebi's new guidelinesSebi's new rules barring non-resident Indians from controlling foreign fund kept the FPIs on edge.
Star
playersMuthoot Finance was the top gainer on the Bombay Stock Exchange as the stock rallied nearly 10 per cent on the back of robust June
quarter numbers and fund raising plan
The company's April-June quarter net profit rose 42.5 per cent at Rs 491.55 crore against Rs 344.89 crore.
Muthoot Finance was followed by
Advanced Enzymes that ran 8.40 per cent higher to Rs 223.80
Alembic Pharma too was among the top gainers and soared 5.67 per cent to close at Rs 638.
