: Markets reel amid global selloff as central bank meetings loom; Tata Steel tanks 9.5% #finance #StockMarketNEWS #Business PTI Mumbai The Sensex plunged 525 points while the Nifty finished below
Markets reel amid global selloff as central bank meetings loom; Tata Steel tanks 9.5% #finance #StockMarketNEWS #Business
PTI
Mumbai
The Sensex plunged 525 points while the Nifty finished below the 17,400-mark on Monday, reflecting the sombre mood in global markets ahead of a flurry of central bank meetings which are expected to provide cues on the imminent tapering of massive stimulus measures.
A sharp drop in the rupee added to the woes, traders said, adding that worries over the fate of Chinese real estate major Evergrande and its impact on the world’s second largest economy pulled down global commodity prices.
Sliding for the second consecutive session, the 30-share BSE Sensex ended 524. 96 points or 0. 89 per cent lower at 58,490. 93.
The broader NSE Nifty tumbled 188. 25 points or 1. 07 per cent to close close at 17,396. 90.
Tata Steel was the top loser on the Sensex chart, crashing 9. 53 per cent, followed by SBI, IndusInd Bank, HDFC, Dr Reddy’s, M&M and UltraTech Cement.
The HDFC twins and Tata Steel accounted for over half of the benchmarh&ˈ [ S ZZ[ٝUX H[XKZZ[[H[SX[YY H[ HܙY[[X[
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