Sensex nosedives 1,000 points, Nifty near 10,144

ANI
11 Oct 2018, 15:55 GMT+10

Mumbai (Maharashtra) [India], Oct 11 (ANI): The Indian stock markets on Thursday opened in red with the Sensex witnessing a slump of 1008 points or 2.9 per cent to 33, 753 and the NSE Nifty 50 Index nosedived 316 points or 3 per cent to 10,144 amid the weak global cues.

The India rupee also touched a new low of Rs 74.46 per dollar plunging by 10 paise at Rs 74.30 per dollar versus previous close Rs 74.20.

Speaking to ANI, market expert Sunil Shah said, "People are now deciding to move their money out of any of the Asset classes as a trade war between the countries across the world is going on. I believe that the implications of the trade war will have an impact on the market in the longer term."

The Indian market indices have shown the downward trend as only 56 shares advanced against a decline of as many as 338 shares, while more than 3,000 shares remained stagnant.

Most of the shares belonging to metals, automobiles, banks, and pharmaceuticals sectors are bearing the maximum pain as the market has turned bearish. Top losers on the Sensex and Nifty include Yes Bank, Vedanta, Indiabulls Housing and Bajaj Finance.

Other Asian Stock Indexes such as Nikkei also plummeted by 4.35 per cent to 22,490.14 points and Shanghai Index is also down by 4.34 percent to 2,607.44.(ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.

More Information

7 ℃

Ottawa

International

Section

Bomb sent to George Soros' New York house 'real, not a hoax'

NEW YORK, U.S. - A neatly wrapped package that arrived at the New York State residence of billionaire philanthropist George ...

Turkish PM confirms Khashoggi death was premeditated

ANKARA, Turkey - Turkish Prime Minister Recep Taypip Erdogan did not reveal anything new, but put on the record much ...

Flu hospitalized 900,000 in U.S. in 2017-18 influenza season

In the United States, the 2017-2018 flu season was historically severe . U.S. public health officials estimate that 900,000 Americans ...

U.S. officials confirm Syrian mosques now being targeted

WASHINGTON DC - The U.S.-led coalition has targeted a number of mosques and a religious building in the past week ...

Two deaths after boat carrying migrants sinks

ISTANBUL, Turkey – A boat carrying migrants has sunk in the Aegean Sea, just 50 metres off Turkey’s Mugla coast, ...

Trump seeks disarmament, then threatens Russia with nukes

MOSCOW, Russia - Two days after the U.S. President Donald Trump announced his intentions to withdraw the U.S. from the ...

Sports

Section

Movie Review

Red Dawn (1984) [Blu-Ray]

Featured story

Ireland's Keywords Studios acquires Canada's Snowed In

DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...