Sensex down by 462.80 pts

Sensex down by 462.80 pts

Agency News

Mumbai, Aug 1: The benchmark index of Bombay Stock Exchange (BSE) on Thursday came heavily down by 462.80 points to settle at 37,018.32, a five- month-low following mixed corporate earnings, weak domestic and global cues, and continuous selling by foreign portfolio investors (FPIs).

The Nifty of National Stock Exchange (NSE) too lost by 105.40 points to 10,980. The day opened negative at 37,387.18, sliding by 94 points. It crashed by 787 points to 36,694.18 day low. In late trade, it slightly recovered from day low figure and ended at 37,018.32, still down by 462.80 points from its last close.

The Nifty registered days high and low at 11,076.75 and 10,881 points respectively. The sectoral indices like Materials, Finance, Industrials, Telecom, Bankex and Capital Goods dragged the market today.

In scrips, VEDL, Tata Motors , SBI, Bharti Airtel and Tata Motors DVR dropped.

In the broader market, the S&P BSE Mid-cap slipped 117 points, or 0.86 per cent, to end at 13,526 level while the S&P BSE Small-cap settled at 12,552 level, down 140 points, or 1.1 per cent, while South Korea's Kospi ended 0.36 per cent lower.

Asian shares slipped to six-week lows on Thursday while the dollar jumped to two-year highs as the US Federal Reserve rattled markets by signaling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. (UNI)