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Sensex hits fresh 1-1/2-year low; slips 109 points on China rout

Equities again slipped after taking a day's breather as the BSE Sensex dropped by 109 points to end at a fresh 19-month low of 24,825.04, tracking a weak trend in other Asian markets on renewed China's growth concerns.


Sensex hits fresh 1-1/2-year low; slips 109 points on China rout

Mumbai: Equities again slipped after taking a day's breather as the BSE Sensex dropped by 109 points to end at a fresh 19-month low of 24,825.04, tracking a weak trend in other Asian markets on renewed China's growth concerns.

The benchmark index extended the last week's steepest loss in four years as sentiment was hit after another round of tepid data added to the concerns over China's economy.

Moreover, investors traded with caution ahead of the release of TCS' quarterly numbers tomorrow.

Logging its fifth loss in six sessions, the BSE index settled 109.29 points or 0.44 percent lower at 24,825.04. The index had risen 82.50 points to log a relief rally on Friday.

The 50-issue NSE ended at 7,563.85, down 37.50 points or 0.49 percent.

M&M took the biggest knock as it plunged 3.40 percent followed by Wipro 3.27 percent. Adani Ports (3.13 percent), BHEL (2.57 percent), Dr Reddy's (2.56 percent), SBI (2.23 percent), ICICI Bank (2.22 percent), Cipla (1.96 percent) and TCS (1.43 percent).

Other prominent losers included Coal India, Sun Pharma, ONGC, HDFC, GAIL, Lupin, Bajaj Auto, Tata Steel, Bharti Airtel, Infosys and L&T.

From the gainers pack, RIL surged the most by climbing 2.69 percent, Tata Motors rose 2.04 percent and Maruti Suzuki perked up by 1.51 percent.

Sector-wise, the BSE healthcare index fell the most by 1.37 percent followed by IT 1.10 percent, teck 1.06 percent, PSU 0.98 percent and banking 0.79 percent.

Among the 30-Sensex constituents, 22 ended lower, while 8 finished in the positive zone.

The mid-cap index also ended in the negative zone by falling 0.95 percent while the small-cap shed 0.47 percent.

In the Asian region, Shanghai Composite Index plunged 5.33 percent and Hong Kong's Hang Seng shed 2.76 percent while Japan's financial markets remained closed.

European markets, however, were higher in their early trades.

From Zee News

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