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Sensex tumbles over 335 points on global cues

  •   Mon, Jan 27 2014 11:46:41 AM

Mumbai, Jan 27 (PTI): The benchmark BSE Sensex today plunged over 335 points in early trade, extending losses for the second session as funds and retail investors engaged in reducing positions amid a weak trend in global markets.

The 30-share barometer, which had lost 240.10 points in the previous session, fell by 335.33 points, or 1.58 per cent, to 20,798.23.

Stocks of banking, capital goods, metal, auto, power and consumer durable sectors declined due to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty fell by 80.80 points, or 1.29 per cent, to 6,185.95.

Brokers said a weak trend prevailed in the Asian region and markets remained under pressure as the US Federal Reserve is poised to continue tapering its stimulus programme. The market sentiment was also dampened by tighter credit conditions in China, raising fears of a slowdown, they added.

In the Asian region, Japan's Nikkei Index was down 2.49 per cent, while Hong Kong's Hang Seng index shed 2.28 per cent in early trade.

The US Dow Jones Industrial Average ended 1.96 per cent down in Friday's trade.

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Comment on this article

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Mon, Jan 27 2014

    Like a bolt from the blue, it was a complete surprise that the Sensex lost 426 points today.

    The rupee now is not ruled out sinking to 65 levels. Fed officials are seen cutting bond buying program by another $10 billion. RBI monetary policy tomorrow (Jan 28), speculated for a rate hike as WPI inflation is at a higher level than retail inflation. Election fear also made the impact. Since AAP may spoil BJP's absolute majority, a truncated result may damage the sentiment, since, a lame duck govt with many props will not be able to give a clear direction.

    DisAgree Agree [1] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Mon, Jan 27 2014

    MANDE-LA KAAR-LA IJJANNKKULEG KHANDITH ARTHA AAPUJI BAANERE.

    DisAgree Agree Reply Report Abuse

  • Jossey Saldanha, Mapusa

    Mon, Jan 27 2014

    Tea stocks will do well...

    DisAgree [1] Agree [2] Reply Report Abuse

  • A. S. Mathew, U.S.A.

    Mon, Jan 27 2014

    The world economy is interlocked, likewise the world stock market is also interlocked. In 2014, the world stock market is going to face a very critical bumpy ride. The richest country (U.S.A) is not showing any solid sign of U-turn to growth and prosperity, but only the positive news in the newspapers and the negative secrets are not published. Now, the 2nd richest country China is faced with very critical economic problems with $ 4.6 trillion debt, failed PMI of 49.6 (Purchasing Manager's Index), many Mega and minor Banks in China are faced with the same critical wind like the wind hit the U.S. in 2008, jobs lost in millions, declined export, GDP came down from the peak 11.5% to 7.7% now.

    Job situations around the world is not getting better but getting worse. Now the situation is beyond any human brain and hands to handle!

    DisAgree Agree Reply Report Abuse

  • john mathias, kinnigoli

    Mon, Jan 27 2014

    SENSEX TUMBLING IS NOTHING NEW.SENSEX HAS RISEN AGAIN.SEXSEX IS EXPECTED TO TOUCH 23000 AND NIFTY 7000 BY YEAR END ONCE NEW GOVT IS FORMED AFTER THE ELECTION.
    SO THIS IS A GOOD OPPORTUNITY TO BUY IN DIP.ARROUND NIFTY 5600.

    DisAgree Agree Reply Report Abuse

  • Joseph F. Gonslaves, Bannur, Puttur / Mangalore

    Mon, Jan 27 2014

    Sensex affect
    Modi's effect.
    BJP's fact for defect.

    DisAgree [4] Agree [7] Reply Report Abuse

  • Arun Kumar, Udupi

    Mon, Jan 27 2014

    Onji artha aapina comment padle parbule.. Aik onji mande la ejji kaar la ejji..

    DisAgree [1] Agree [7] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Mon, Jan 27 2014

    The Sensex tumbles over 335 points on global cues cannot be avoided by any cost.This is the part of the game and hope the stock market stabilizes at the earliest.All the best.Thanq.

    DisAgree [4] Agree [8] Reply Report Abuse


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