Market bloodbath continues as Sensex plunges 400 points

Opening Bell Sensex falls in opening trade Nifty cracks below 9,900 mark

At 0935 hours, Sensex was trading at 31,645.78 points, down 276.66 points or 0.87%, while Nifty 50 lost 73 points or 0.73%, trading at 9,891.40 points.

On BSE, 417 stocks were advancing whereas 1,971 stocks were lagging and 115 stocks were appearing unchanged.

The BSE index fell 0.93 percent to 31,626.63, while the broader NSE index ended 0.92 percent lower at 9,872.60.

This followed after the benchmark index had already registered losses by plunging 325 points in afternoon trade on across the board selling amid weak Asian cues after German Chancellor Angela Merkel won a fourth term with uneasy coalition to form the next government.

The stocks of heavyweight companies such as HDFC, HDFC Bank, ITC, Larsen & Toubro, Kotak Mahindra Bank, and Maruti Suzuki contributed the most to the Sensex decline.

The S&P BSE Small and Midcap index were the biggest casualties - down 1.1 percent, and 2.02 percent respectively.

Below are the reasons why Sensex and Nifty extended losses for a fifth straight session today. Meanwhile, the Nifty was trading lower by 92.25 points or 0.93% at 9,872.15.

Shoppers Stop rose 20 percent in the S&P BSE Smallcap index after the US-based retailer Amazon's investment arm Amazon.com NV Investment Holdings LLC said it will acquire 5 percent stake in the company for Rs 179.26 crore.

The index had fallen 501.32 points in the previous four sessions. "Now if it sustains below 9880 zones then weakness could continue towards 9820 then 9750 zones", Chandan Taparia, Derivatives and Technical Analyst at Motilal Oswal Securities told Moneycontrol". "On the upside now resistances are shifting lower to 10020 and 10080 zones".

Related:

Comments

Latest news

Matteo Renzi: "O vincono i populisti, o noi. Dobbiamo smetterla di litigare"
Dobbiamo uscire dalla modalità litigio , uscire dalle discussioni interne mentre c'è la possibilità di cambiare il paese. Per essere di centrosinistra si deve fare di più ma il primo modo è creare crescita e benessere, non fare i convegni".

Paychex, Inc. (PAYX) Stake Increased by Dai Ichi Life Insurance Company Ltd
It improved, as 56 investors sold MRK shares while 612 reduced holdings. 48 funds opened positions while 59 raised stakes. It also upped Philip Morris International In (NYSE:PM) stake by 28,679 shares and now owns 352,200 shares.

Positive News Coverage Somewhat Unlikely to Affect Genuine Parts (GPC) Share Price
Looking at some alternate time periods, the 12 month price index is 0.91931, the 24 month is 1.12771, and the 36 month is 1.08506. The value of the investment in Genuine Parts Company went from $3,367,000 to $3,641,000 a change of $274,000 quarter to quarter.

First Attack on Titan 2 Screenshots Released
Later on it was also mentioned that a switch version will be available too. " Attack on Titan 2 " will be out early next year.

'Teen Mom 2' Star Jenelle Evans and David Eason Are Married
Teen Mom 2 star Jenelle Evans has married her partner David Eason over the weekend in an outdoor ceremony . Evans told People in July that "it's very painful" that she's not invited to her daughter's wedding .

Other news