Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets.
The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points in the previous session.
All sectoral indices led by bankex, teck and IT slipped into the negative zone with losses of up to 1.76 per cent down.
The broad-based NSE Nifty was trading lower by 178.65 points, or 1.68 per cent, at 10,398.20.
Other Asian markets plunged up to 4.24 per cent after Wall Street routed for the second time this week on worries over rising US interest rates.
With the volatility continuing to hound equity markets, US index the Dow Jones Industrial Average plunged 4.2 per cent, the broad-based S&P 500 plummeted 3.8 per cent and the Nasdaq Composite Index sank 3.9 per cent.
Hong Kong's Hang Seng fell 3.62 per cent, Japan's Nikkei shed 3.22 per cent, while Shanghai Composite Index down 4.24 per cent in their late morning deals.
Back home, ICICI Bank dropped the most by 2.75 per cent, followed by ITC 1.9 per cent, HDFC 1.85 per cent, Axis Bank 1.66 per cent and Larsen and Toubro 1.6 per cent.
Infosys, TCS, Reliance, HDFC BankKotak Bank, SBI IndusInd Bank Hindustan Unileverand Bharti Airtel also dropped up to 1.5 per cent.
(PTI)
US jobs and other economic data were brought out on 2 February , 2018 saying that 200000 ( two lac ) jobs were added in US economy for January 2018 while wages growth took biggest jump since 2009 and unemployment held steady at 4.1%. The hourly earnings rose at 2.9%. Further , the jobs report for the US covering private sector in January 2018 disclose stronger- than – expected 234000 addition. Furthermore , The US services sector has reportedly boomed in January , 2018 registering the best performance since 2005 and delivering more evidence of American economic strength. These details in public and private sectors for US in January 2018 read with similar details for some months past suggest that US economic growth is impressive. Closely and accurately related to these details is this Vedic astrology writer’s prediction of 11 October , 2017 in article - “ Astrological probable alerts for the United States in 2018” - published in monthly Webzine of Wisdom Magazine at wisdom-magazine.com/Article.aspx/4647/ on 1 December , 2017 , which reads as follows : -
“January to about mid-March in 2018. While some issues of strategic importance or warfare may continue to be of substantial concern , CERTAIN RESULT-ORIENTED ECONOMIC MEASURES MAY BRING SOME KIND OF HAPPY NEWS WHATSOEVER MODERATE. GENERAL PICTURE IN THE COUNTRY COULD BE SOMEWHAT ENCOURAGING. TRADING OR PARTNERSHIP ISSUES COULD ALSO BE WITHIN SUCCESSFUL REACH, MAY BE SOMEWHAT SHORT OF FULLNESS. MUCH DEPENDS UPON QUANTUM AND QUALITY OF CORRECT EFFORTS TO TAP IMPACTS OF A KEY PLANET MOVING IN RIGHT DIRECTION FOR US.” It may thus be known that the predictive alert of 11 October , 2017 has matched perfectly and eloquently well in the jobs and other economic data report for January , 2018.