Orissa POST
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Valentines Day
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Valentines Day
No Result
View All Result
Orissa POST
Home Business

Sensex falls for 5th day in row

Press Trust of India
Updated: September 4th, 2018, 16:30 IST
0
Sensex, Sensex falls for 5th day in row
Share on FacebookShare on TwitterShare on WhatsApp

New Delhi: The benchmark BSE Sensex Tuesday lost about 155 points to close at an over two-week low of 38,157.92, falling for the fifth session in a row following sustained foreign fund outflows, surging global crude oil prices and tumbling rupee against dollar.

The Indian rupee Tuesday crashed to a fresh record low of 71.54 against the US dollar intra-day, weighing on investors sentiment.

A widespread selling emerged in consumer durables, PSUs, infrastructure, realty, FMCG, telecom, utilities, power, metal, auto, healthcare, banking, oil and gas, capital goods and finance.

Among the losers were Asian Paints, SBI, Adani Ports, HUL, Coal India, IndusInd Bank, Vedanta, Tata Motors, Hero Motocorp, Bharti Airtel, Yes Bank, ONGC, ICICI Bank, Tata Steel, Bajaj Auto, M&M, ITC, Kotak Bank, HDFC Bank, NTPC, Maruti Suzuki, PowerGrid, L&T and Sun Pharma, shedding up to 3.49 per cent.

However, IT firms Infosys, TCS and Wipro were among the top gainers in the Sensex pack, buoyed by the fall in the Indian rupee’s value.

Tata Consultancy Services also Tuesday became the second Indian company to attain a market valuation of over Rs 8 lakh crore mark following surge in its share price.

During the afternoon trade, the IT major’s market capitalisation (m-cap) stood at Rs 8,01,550.50 crore on the BSE.

The 30-share Sensex had soared 206.04 points to hit a high of 38,518.56 in early trade but gave up its gains following a widespread sell-off, which dragged it down to 38,098.60, with the benchmark equity gauge set for its longest string of losses in more than three months.

The gauge finally ended at an over two-week low of 38,157.92, down 154.60 points or 0.40 per cent. This is its weakest closing since August 17 when it had finished at 37,947.88.

It had lost 584.11 points in the previous four sessions.

The broader NSE Nifty closed lower by 62.05 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.

Sentiment remained weak on sustained capital outflows by foreign funds after an investor lobby group named AMRI (Asset Management Roundtable of India) said on Monday that the immediate impact of the new Sebi KYC norms, if not amended, would flush out USD 75-billion FPI investment from the country within a short time-frame.

The organisation also warned that it would have severe impact on stocks and rupee.

However, taking strong objection to these claims, the Securities and Exchange Board of India (Sebi) on Tuesday said, “It is preposterous and highly irresponsible to claim that USD 75 billion FPI investment will move out of the country because of Sebi’s circular issued in April 2018.”

Brokers said rising global crude oil prices, which went past the USD 78 per barrel mark and plunge in the rupee’s value and sustained foreign fund outflows weighed on market sentiment.

Asian stocks ended mixed and Europe opened lower amid continuing concerns about stability in emerging markets and prospects of escalating international trade disputes. Besides, emergency austerity measures in Argentina highlighted turbulence in emerging markets.

Investors also noticed Nikkei India Manufacturing Purchasing Managers’ Index (PMI) that was released on Monday and showed growth in India’s manufacturing sector moderated in August as domestic demand softened. The Nikkei India Manufacturing PMI stood at 51.7 in August against 52.3 in July.

Meanwhile, foreign portfolio investors (FPIs) net sold shares worth a net of Rs 21.13 crore and domestic institutional investors (DIIs) also sold equities to the tune of Rs 542.12 crore on Monday, as per provisional data.

 

 

Tags: #Domestic Institutional Investors (DIIs)#Foreign portfolio investors (FPIs)#Securities and Exchange Board of India (Sebi)Sensex
Previous Post

Mitharwal strikes gold; Bhaker, Sidhu disappoint

Next Post

Hima downplays controversial statement

Next Post
Sensex, Sensex falls for 5th day in row

Hima downplays controversial statement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CBSE Exam Mate Answers
OrissaPOST ePaper

Click Here: Plastic Free Odisha

Plastic Free Odisha

Actor Sritam Das

Actor Sritam Das supports a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

October 2, 2018
Plastic Free Odisha

Valena Valentina-Karate Player

Karate player Valena Valentina calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend ...

August 30, 2018
Plastic Free Odisha

Actress Bhoomika Dash

Actress Bhoomika Dash calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our ...

August 30, 2018
Plastic Free Odisha

Balibil Nodal School students

Balibil Nodal School students support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

October 2, 2018
Plastic Free Odisha

Cuttack College NCC students

Cuttack College NCC students support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

October 2, 2018
Plastic Free Odisha

Puri SCS College Students

Puri SCS College Students support a plastic free odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

August 30, 2018
Plastic Free Odisha

Bridge school students

Bridge school students support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

October 2, 2018
Plastic Free Odisha

Unit III Bharat Scouts and Guide

Unit III Bharat Scouts and Guides team call for a Plastic Free Odisha. Do you support the movement? *Visit our website ...

August 29, 2018
Plastic Free Odisha

Nayagarh Girls’ High School

Nayagarh Girls’ High School students support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

High school students of Sambalpur district

High school students of Sambalpur district support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

Archita Sahu, Actress

Archita Sahu support a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

August 30, 2018
Plastic Free Odisha

Hinjili Police

Hinjili Police support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your Photos/Selfie ...

October 2, 2018
Plastic Free Odisha

Scoutmaster, Guide Captains, Rovers, and Rangers of Keonjhar

Scoutmaster, Guide Captains, Rovers, and Rangers of Keonjhar support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend ...

October 2, 2018
Plastic Free Odisha

Tanbhi Block School students and staff

Tanbhi Block School students and staff support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

Students of Tulasipur Saraswati Sishu Vidya Mandir, Cuttack

Students of Tulasipur Saraswati Sishu Vidya Mandir, Cuttack call for a Plastic Free Odisha. Do you support the movement? *Visit our ...

August 29, 2018
Plastic Free Odisha

Sri Aurobindo School students & teachers

Sri Aurobindo School students & teachers of Sambalpur support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our ...

October 2, 2018
Plastic Free Odisha

D.A.V Public School-Kalinga Nagar

D.A.V Public School Students, support Plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

August 30, 2018
Plastic Free Odisha

Gandhi College Plus III science students of Khandagiri, Bhubaneswar

Gandhi Plus III science students of Khandagiri, Bhubaneswar support a plastic free Odisha. Do you?   *Visit our website orissapost.com. ...

October 2, 2018
Plastic Free Odisha

Elina Samantray, Actress

Elina Samantray calls for a Plastic Free Odisha. Do you support the movement? *Visit our website www.orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

August 29, 2018
Plastic Free Odisha

Swaraj Barik, Actor

Swaraj Barik calls for a Plastic Free Odisha. Do you support the movement? *Visit our website www.orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

August 29, 2018
Plastic Free Odisha

Darsheel Safary, Actor

Darsheel Safary calls for a Plastic Free Odisha. Do you support the movement? *Visit our website www.orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

August 29, 2018
Plastic Free Odisha

Hockey Player Dilip Tirkey

Hockey Player Dilip Tirkey supports a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

August 30, 2018
Plastic Free Odisha

Debashish Mohanty-Former Indian Cricketer

Cricketer Debashish Mohanty supports a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

August 30, 2018
Plastic Free Odisha

Utkal University Journalism Department Students

Utkal University Journalism Department students call for a Plastic Free Odisha. Do you support the movement? *Visit our website www.orissapost.com. Like,Share,Subscribe,Recommend ...

August 29, 2018
Plastic Free Odisha

Sudarsan Pattnaik,Sand Artist

Sudarsan Pattnaik support a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your Photos/Selfie ...

August 30, 2018
Plastic Free Odisha

Deepak Kumar-Actor

Deepak Kumar support a Plastic Free Odisha. Do you support the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

August 30, 2018
Plastic Free Odisha

Padmashree Aruna Mohanty-Odissi Dancer

Padmashree Odissi Dancer Aruna Mohanty calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. ...

August 30, 2018
Plastic Free Odisha

Miteish Khimji,Entrepreneur

Miteish Khimji supports a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

August 30, 2018
Plastic Free Odisha

Sundargarh Public School students

Sundargarh Public School students support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

October 2, 2018
Plastic Free Odisha

Bijay Mohanty, Actor

Actor Bijay Mohanty calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our ...

August 30, 2018
Sensex, Sensex falls for 5th day in row
Cartoon Corner

cartoon corner

February 14, 2019
0

Read more

Editorial

Humiliated

Sensex, Sensex falls for 5th day in row
February 15, 2019
0

Caught in a state of shock and numbness, it will take time for the Indian paramilitary forces to recover and...

Read more

Playing with fire

Sensex, Sensex falls for 5th day in row
February 12, 2019
0

Fire safety remains abysmal in the country despite the numerous examples that incidents in the past have set. Only recently...

Read more

Hope wanes

Sensex, Sensex falls for 5th day in row
February 12, 2019
0

‘Eradication of corruption’ and ‘development’ were two of the major poll planks on which the Narendra Modi-led National Democratic Alliance...

Read more

A vote for democracy

Sensex, Sensex falls for 5th day in row
February 12, 2019
0

Democracy, widely acclaimed to be the best form of governance that civilised society has, till now, discovered is facing some...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Sports
  • Sci-Tech
  • About Us
  • Advertise
  • Contact Us
  • Career
Developed By Ratna Technology

© 2018 All rights Reserved by OrissaPOST

  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Valentines Day

© 2018 All rights Reserved by OrissaPOST