Sensex falls for 3rd day, ends 316 points down on global sell-off, banking and metal stocks fall
The BSE Sensex slumped by over 250 points and the NSE Nifty again broke below the 7,400-mark in early trade due to sustained capital outflows amid global sell-off on renewed concerns over slowing growth after oil prices again cracked $30 a barrel.
Extending losses for thrid consecutive day, the BSE Sensex and NSE ended 1.3 per cent down following their global counterparts that slumped after a decline in crude prices. Sensex dived 315.68 points to close at 24,223.32, while Nifty settled below 7,400-mark by plunging 93.75 points to end at 7,361.80.
India’s services activity data that rose at its fastest pace in 19 months in January also failed to impress that investors. Nikkei/Markit Services Purchasing Managers’ Index (PMI) surged to 54.3 in January from December’s 53.6, marking a seventh month above the 50-level that separates growth from contraction.
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The BSE Sensex slumped by over 250 points and the NSE Nifty again broke below the 7,400-mark in early trade due to sustained capital outflows amid global sell-off on renewed concerns over slowing growth after oil prices again cracked $30 a barrel.
Extending losses for thrid consecutive day, the BSE Sensex and NSE ended 1.3 per cent down following their global counterparts that slumped after a decline in crude prices. Sensex dived 315.68 points to close at 24,223.32, while Nifty settled below 7,400-mark by plunging 93.75 points to end at 7,361.80.
India’s services activity data that rose at its fastest pace in 19 months in January also failed to impress that investors. Nikkei/Markit Services Purchasing Managers’ Index (PMI) surged to 54.3 in January from December’s 53.6, marking a seventh month above the 50-level that separates growth from contraction.
For More Stock Trading Tips Visit to us at: www.capitalheight.com/stock-future-tips.php
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