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February 25, Sunday 2018 11:11 PM       

       HEADLINES: CM, Chennithala condole Srideviā€™s death                                              Ten new faces in CPM state panel, seven exempted                                              Royal family protests at Padmatheertham pond                                              Congress activists manhandle minister in Kannur                                              Kodiyeri to continue, Gopi Kottamurikkal reinstated                                              Veteran actress Sridevi passes away at 55                                              Bollywood mourns demise of actress Sridevi                                              Sridevi, the diva who lit up Indian cinema screen                                              Somalia twin blasts: Death toll rises to 45                                              Russia hacked Winter Olympics: US                                              North willing to hold talks with US: S Korea                                              It is hard to digest that Sridevi is no more, says Sachin                                              BCCI turns down ICC request for rescheduling IPL match                                              Santner, Taylor shine as Kiwis defeat England                                              Kohli, Dhoni rested for upcoming T20I tri-series                                              T20I rankings: Kohli sinks, Dhawan rises                                              Kaumudi Facebook
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       Sensex losses mount, slips below 35,000 in opening trade
 
         Posted on :10:19:29 Feb 5, 2018
   
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       Last edited on:10:19:29 Feb 5, 2018
         Tags: Sensex slips below 35,000 in opening trade
 

MUMBAI: The BSE Sensex dipped below the 35,000-level by plunging around 546 points in opening trade Monday on heavy losses in metal, realty, capital goods, banking and oil & gas stocks amid a global rout in equity markets.

The BSE 30-share barometer tanked 545.95 points, or 1.55 per cent, to 34,520.80. The gauge had lost 1,216.50 in the previous four sessions following imposition of long-term capital gains of 10 per cent on equities in the Budget 2018.

All sectoral indices led by realty, metal, capital goods, healthcare and bankex were trading in the negative terrain, falling by up to 3.47 per cent.

The NSE Nifty was trading down by 173.80 points, or 1.61 per cent, at 10,586.80.

Asian markets dropped over 1 per cent following deep losses on Wall Street last week after a strong US jobs report and rising Treasury yields fanned fears of interest rate hike quicker than thought.

The laggards were Yes Bank, HDFC Ltd, SBI, Axis Bank, Hero MotoCorp, Bajaj Auto, Tata Steel, Hind Unilver, L&T, M&M, Adani Ports, Kotak Bank and RIL, falling by up to 3.89 per cent.

In the Asian region, Hong Kong's Hang Seng fell 1.82 per cent, Japan's Nikkei shed 2.43 per cent, while Shanghai Composite Index down 0.33 per cent in their late morning deals.

The US Dow Jones Industrial Average ended 2.54 per cent lower on Friday.

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Next Article: Singtel to invest Rs. 2.6cr in Bharti Telecom
 
 
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