Sensex tumbles 551 points, marks biggest one-day percentage fall in nearly two months

The 30-share index commenced lower and dipped below the 28,000-mark to touch a low of 27,529.57 before ending at 27,561.38, fall of 550.93 points or 1.96 percent.

Zee Media Bureau

The BSE Sensex fell nearly 2 percent on Monday, its biggest one-day percentage loss in nearly two months, on China`s stock market rout and concerns that possible stricter norms for participatory notes back home may hit foreign investments.

The 30-share index commenced lower and dipped below the 28,000-mark to touch a low of 27,529.57 before ending at 27,561.38, fall of 550.93 points or 1.96 percent.

Today's closing was the lowest level since June 19, when the index had closed at 27,316.17. Also, it is the second biggest single-day fall since 660.61 points plunge on June 2.

The gauge has now lost 943.55 points in last three days.

The broader NSE Nifty also succumbed to all-round selling and slipped below the 8,400-mark to settle the session 160.55 points or 1.88 percent down at 8,361.00, its biggest percentage fall in a day since June 11.

In broader markets, mid-cap and small-cap indices closed lower by 1.38 percent and 1.07 percent, respectively.

Tata steel was the top Sensex loser, tumbling 5.17 percent, followed by Hero MotoCorp 4.84 percent.

With Agency Inputs

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close