Sensex, Nifty Fall for Third Day in a Row: Markets Slump on Rate Cut Bets, West Asia Tensions
The BSE Sensex declined 456.10 points, or 0.62%, to 72,943.68, while the NSE Nifty lost 124.60 points, or 0.56%, to 22,147.90. Equity benchmark indices Sensex and Nifty continued to slump on Tuesday, dragged down by heavy selling in IT stocks amid weak global trends and fears of escalating tensions in West Asia. The outflow of foreign funds also dented investors' sentiment.
Continuing its downtrend for the third day running, the 30-share BSE Sensex tanked 456.10 points or 0.62 per cent to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97 per cent to 72,685.03.
The NSE Nifty declined 124.60 points or 0.56 per cent to finish at 22,147.90.
Thomas Cook Ltd.'s shares surge 10% on BSE.
Fitch Ratings has affirmed State Bank of India's (SBI) Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bb' and Government Support Rating (GSR) of 'bbb-'.
Aditya Birla Capital launches omnichannel D2C platform ABCD, aims to add 30 million users.
Mid-day market update: Sensex falls over 400 pts, Nifty at 22,160 level.