Markets in Red, Sensex Slumps 281 Points to 32088, Nifty at 10021
24 September, 2017, 00:53 | Author: Franklin Nunez
"There will be some kind of profit-booking at these levels wherein a large amount of froth had been built up in the last 1-1/2 months", said Virmani.
Market across the globe turned cautious as geo-political issues returned following fresh barrage of barbs between US President Donald Trump and North Korean president Kim Jong-un, threatening destruction of North Korea and fresh Hyderogen bomb test in pacific by latter.
The Nifty50 had reclaimed that level on September 11. The broader Nifty lost 157.50 points, or 1.56%, to close at 9,964.40. The S&P BSE Small-Cap index fell 394.73 points or 2.37 percent to settle at 16,293.03.
Turkey, Iraq and Iran unite against Kurdish referendum
Iraq, Iran, and Turkey are all threatening "counter-measures" over the vote, though none are offering anything specific. The Iraq Bill was passed in 2007 to combat outlawed Kurdish militants in northern Iraq to prevent attacks in Turkey.
"Approaching F&O expiry has added to liquidation pressure", said an analyst.
Sentiment was also hurt on concerns that the government's plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit, Reuters reported on Thursday citing two government sources. "The rupee fell to a almost six-month low of 65.14 against the United States dollar - its lowest since April this year", Desai added. But later, the domestic currency managed to recover.
The first-quarter GDP growth slipped to a three-year low of 5.7 per cent this fiscal year. Weak Asian cues after China's sovereign rating was downgraded by agency on fears over its ballooning debt and sustained foreign fund outflows negatively impacted sentiments.
Shares have lost their momentum after hitting record highs recently as valuations turned expensive, with most sectoral indices ending in the red.
Major Sensex losers were: Tata Steel, down 4.70 per cent at Rs 654.55; Larsen and Toubro, down 3.49 per cent at Rs 1,184.90; Reliance Industries, down 2.83 per cent at Rs 817.50; ICICI Bank, down 2.77 per cent at Rs 277.10; and Hero MotoCorp, down 2.59 per cent at Rs 3,788.15.
Barring HealthCare sectors which managed to stay positive, Selling was led by Realty, Metal, IPO, Consumer Durables, PSUs, Power, Banks, Oil&Gas, FMCG, Auto, Teck and IT sectors.
China, Russia urge Korean peninsula dialogue
Japanese Prime Minister Shinzo Abe is considering ramping up their military power in response to threats from Kim. The North also flew two powerful new midrange missiles over Japan in recent weeks.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,204.95 crore yesterday, as per provisional data released by the stock exchanges.
His travel itinerary included private jets that charter operators estimated would cost at least $60,000, according to Politico . Price has come under fire for his frequent chartered flights , which can cost taxpayers upwards of $25,000 per flight.
Moon expressed satisfaction with what he called the United States' "firm" reaction to the North's latest nuclear provocation. The decision to send aid to North Korea was not popular in South Korea, hitting President Moon Jae-in's approval rating.
At least 26 people were also injured in the cross-border firing and shelling in the Harpal, Sajeetgarh and Charwah sectors. In both the ceasefire violations, the Indian Army is strongly retaliating to the intermittent firing by Pakistan.
Gareth Bale and Luka Modric have been sent to the bench by Zinedine Zidane for a must-win clash against lowly Alaves . His powerful header from a cross by Munir El Haddadi was the Basque Country club's first goal of the season.
The 30-year bond yield TMUBMUSD30Y, -0.20% traded 1.4 basis point lower at 2.807%, compared with 2.821% in the prior session. EUR/USD fell strongly down nearly 1%, below 1.19, while the GBP gave up most of its gains to dip just underneath 1.35.
Even Sarkozy himself was suspected in the affair, although all charges against him were dropped in 2013. Bettencourt passed away in the early hours of Thursday after suffering from dementia at her old age.
Kim Jong Un: 'Deranged' Trump will 'pay dearly'
In an official statement released Thursday, Kim called Trump " a frightened dog" and a "gangster fond of playing with fire". It fired a missile over Hokkaido, Japan , forcing the country to issue public alerts for its residents.
China Moves To Limit Fuel, Textile Trade With North Korea
The North Korean foreign minister announced that if the pressure gets too intense, the regime will punish those who punished it. During his address to the U.N., Trump warned the US could destroy North Korea if forced to defend itself or its allies.
Aaron Hernandez's Fiancee Sues Patriots Over CTE Claims
Hernandez was serving a life sentence for murder when he took his own life in the Souza-Baranowski prison in Lancaster, Mass. Hernandez was found to have Stage three and had "early brain atrophy", McKee said in a statement .