Sensex tumbles over 600 points after BJP's defeat in Bihar


Nov 9 (Agencies): The benchmark BSE Sensex cracked below the 26,000-mark by plunging over 608 points and the NSE Nifty dipped below 7,800-level in opening trade today on major sell-off by participants following the BJP-led NDA's defeat in Bihar assembly polls.

Besides, lower-than-expected quarterly earnings by some more bluechip companies dampened trading sentiments.

Falling for the fourth straight session, the 30-share index dipped below the crucial 26,000-level by tumbling 608.34 points, or 2.31 per cent, to 25,656.90.

The gauge had cumulatively lost 325.35 points in previous three days.

On similar lines, the National Stock Exchange Nifty slipped below the 7,800-level by losing 180.55 points, or 2.26 per cent, to 7,773.75.

All the sectoral indices, led by healthcare, realty and capital goods, were trading in the negative zone with losses up to 3.38 per cent.

Brokers said sentiments turned distinctly weak following defeat of the BJP-led NDA in the Bihar assembly polls which would negatively impact reforms drive, triggering all-round selling.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.27 per cent, while Japan's Nikkei gained 2.14 per cent in morning trade.

The US Dow Jones Industrial Average ended 0.26 per cent higher in Friday's trade.

  

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Comment on this article

  • Valerian D'souza, Udupi / Mumbai

    Mon, Nov 09 2015

    Good, let it tumble!
    So that purchasers will not get deceived.
    Artificially jacked up stock price will tumble if it doesn't have genuine demand and holding capacity /strength.
    Let hoarded Dal price, Gold price and real estate prices also fall. Some reality should prevail.

    DisAgree Agree [8] Reply Report Abuse

  • Michael, Mulky/San Fransisco

    Mon, Nov 09 2015

    "Naach na jaane aangan teda". Not a bad excuse but that does not deter investors from investing in equity market. There is some element of gambling in every business. There is regulatory authority which is strong now unlike earlier times. You are investing in co's business and when co's does not do well you don't touch them. Investments in strong co's like Infosys 10 years ago grown multi fold in value today.

    DisAgree Agree [7] Reply Report Abuse

  • JNB, Mangalore

    Mon, Nov 09 2015

    BJP tried to catch fish in a troubled water

    DisAgree [2] Agree [14] Reply Report Abuse

  • steven, dxb

    Mon, Nov 09 2015

    Before ruling country one should learn how to rule home!!A person who doesn't have home nor profession what type of country he will build and rule if and still ruling means it an miracle only

    DisAgree [4] Agree [14] Reply Report Abuse

  • Salvador Pereira, Mangalore / Dubai

    Mon, Nov 09 2015

    I think Modi should consult with MMS keeping differences apart. After all its our Indian economy and not Modis

    DisAgree [3] Agree [22] Reply Report Abuse

  • john mathias, kinngoli

    Mon, Nov 09 2015

    praveen udupi is correct.i fully agree with him.nifty will come down to 7200.investors should wait for that level for long term investment.no immediate gain.

    DisAgree Agree [12] Reply Report Abuse

  • CONRAD JOHN TAURO, SHIRVA/UDUPI/DUBAI

    Mon, Nov 09 2015

    Sensex tumbles is sensitivity...
    Bihar defeat was priority...

    DisAgree [4] Agree [22] Reply Report Abuse

  • Rshetty, Manglaore

    Mon, Nov 09 2015

    Award wapasi Program halted till next U.P ELECTION and also happy to announce that tolerance and secularisam restored in india till next election date announced!

    DisAgree [20] Agree [28] Reply Report Abuse

  • SH, Mlore

    Mon, Nov 09 2015

    This is not real Market ,gambling by Gujjus investors to dupe the rest of Indian same way gujju pm duped innocent Indian voters

    DisAgree [5] Agree [31] Reply Report Abuse

  • Daniel, Mangalore

    Mon, Nov 09 2015

    ..after Bihar elections everything starts tumbling...
    popularity downward and prices upward!! even foreign tour become expensive!

    DisAgree [7] Agree [21] Reply Report Abuse

  • William, mangalore

    Mon, Nov 09 2015

    Now BJP needs Baba Ramdev's Support

    DisAgree [6] Agree [39] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Mon, Nov 09 2015

    Now we have to wait & watch what impact would be there on FDI's?

    Was there any meet the press comments or any TV interview from BJP leaders?

    DisAgree [4] Agree [16] Reply Report Abuse

  • R Bhandarkar, Mangaluru

    Mon, Nov 09 2015

    As it is share market is Ullu Market. We are ruled by those who are Ullu Bannaving us!Kuch Samje!! The common man has no money to make ends meet! What f..k this stock market?

    DisAgree [5] Agree [28] Reply Report Abuse

  • Gangaram, Moodabidri

    Mon, Nov 09 2015

    Clear cut gambling.....

    DisAgree [3] Agree [29] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Mon, Nov 09 2015

    Investing and making money is Lazy man's business.

    Gamblers will do this business.

    I agree with Gangaram, Moodabidri.

    DisAgree [7] Agree [31] Reply Report Abuse

  • Rems, Mangaluru

    Mon, Nov 09 2015

    "Investing and money making is lazy man's business" wow ! you must build a pyramid over this statement too.

    DisAgree [13] Agree [6] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Mon, Nov 09 2015

    Dear Rems, Mangaluru,

    Investing and making money in Sensex is a lazy mans business.

    Because sensex is a gambling.

    DisAgree [4] Agree [11] Report Abuse

  • Declan, Mumbai

    Mon, Nov 09 2015

    Absolutely true Gangaram. In Financial Management the euphemism for one's ability to gamble is called 'Risk appetite'.

    DisAgree [4] Agree [20] Reply Report Abuse

  • Declan, Mumbai

    Mon, Nov 09 2015

    Bombay Stock Exchange Sensex :

    Bull market to Beef market !!!

    Don't blame the victory of the JD-U alliance for the plunge in the Sensex blame the BJP's beef politics for it.

    DisAgree [9] Agree [25] Reply Report Abuse

  • Dr S Kamath, Mumbai

    Mon, Nov 09 2015

    It is very sad to see that some people are happy that Markets are falling
    Dear ? Down market seekers NaMo and BJP have genuine desire to take country forward and hence I am sure NaMo will bring in bold initiative s to build financial market confidence and it will bounce back to same heights again

    DisAgree [64] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Nov 09 2015

    Stop talking Bull ...

    DisAgree Agree [5] Reply Report Abuse

  • Praveen, Udupi

    Mon, Nov 09 2015

    Indian Markets will continue their downward journey in the days to come. World Markets are having Ache din but for Indian Stock Markets Bure din has started. Next a wash out winter session and Fed rate hike in December can bring the Nifty To 7200 levels. If Jaitley cannot pass GST Bill in this winter session then FIIs will say Goodbye to Modi and Indian Stock Markets. Indian Markets have become sell on rallies rather than buy on decline now onwards.

    DisAgree [5] Agree [36] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Nov 09 2015

    BJP was also a BUBBLE ...

    DisAgree [11] Agree [43] Reply Report Abuse

  • CONRAD JOHN TAURO, SHIRVA/UDUPI/DUBAI

    Mon, Nov 09 2015

    In trouble...

    DisAgree [4] Agree [21] Reply Report Abuse


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Title: Sensex tumbles over 600 points after BJP's defeat in Bihar



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