Indian equity criteria on Wednesday plunged greatly as worldwide markets stayed tense on concerns over an international economic downturn. The domestic indices extended their succumb to the 6th straight session today, dragged by bank, financials, metal and energy stocks.
Experts have actually stated that the domestic indices might stay rangebound till the Reserve Bank of India’s (RBI’s) policy choice on Friday. The RBI’s three-day policy conference began today.
Asian stocks crashed today, tracking over night Wall Street weak point. Japan’s Nikkei index dived 1.50 percent, South Korea’s KOSPI plunged 2.45 percent, Shanghai Composite index fell 1.58 percent and Hong Kong’s Hang Seng Index dropped 3.41 percent.
S&P Futures broke 1.15 percent, Nasdaq futures slipped 1.58 percent and Dow Futures fell 0.93 percent, showing more discomfort for the Wall Street today.
Back house, the benchmark BSE Sensex tanked 509 points or 0.89 percent to close at 56,598, while the wider NSE Nifty moved 149 points or 0.87 percent lower to settle at 16,859.
Here are the share market highlights:
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