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February 25, Sunday 2018 6:47 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                                              US to shift its embassy to Jerusalem in May                                              US teachers say #ArmMeWith resources, not guns                                              20 Afghan National Army soldiers killed                                              UN Security Council delays vote on Syria ceasefire                                              It is hard to digest that Sridevi is no more, says Sachin                                              BCCI turns down ICC request for rescheduling IPL match                                              Kaumudi Facebook
       BUSINESS Next Article: Sensex zooms 482 pts, Nifty tops 10,600; rupee recovers 13p  
       Sensex drops below 34K, Nifty loses over 1.5% amid global fall
 
         Posted on :14:24:21 Feb 9, 2018
   
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       Last edited on:14:24:21 Feb 9, 2018
         Tags: Sensex drops below 34K
 

MUMBAI: Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets.

The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points in the previous session.

All sectoral indices led by bankex, teck and IT slipped into the negative zone with losses of up to 1.76 per cent down.

The broad-based NSE Nifty was trading lower by 178.65 points, or 1.68 per cent, at 10,398.20.

Other Asian markets plunged up to 4.24 per cent after Wall Street routed for the second time this week on worries over rising US interest rates.

With the volatility continuing to hound equity markets, US index the Dow Jones Industrial Average plunged 4.2 per cent, the broad-based S&P 500 plummeted 3.8 per cent and the Nasdaq Composite Index sank 3.9 per cent.

Hong Kong's Hang Seng fell 3.62 per cent, Japan's Nikkei shed 3.22 per cent, while Shanghai Composite Index down 4.24 per cent in their late morning deals.

Back home, ICICI Bank dropped the most by 2.75 per cent, followed by ITC 1.9 per cent, HDFC 1.85 per cent, Axis Bank 1.66 per cent and Larsen and Toubro 1.6 per cent.

Infosys, TCS, Reliance, HDFC BankKotak Bank, SBI IndusInd Bank Hindustan Unileverand Bharti Airtel also dropped up to 1.5 per cent.

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       BUSINESS
Next Article: Sensex zooms 482 pts, Nifty tops 10,600; rupee recovers 13p
 
 
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