Sensex crashes 311 points to end below 35,500-mark; Nifty at 10,641
TIMESOFINDIA.COM | Feb 18, 2019, 15:47 ISTHighlights
- On the BSE index, Tata Consultancy Services, Yes Bank, Reliance Industries, ITC, Sun Pharma, Coal India and Asian Paints were among the worst performers with their stocks down as much as 3.02 per cent
- On NSE, except for Nifty Media and Realty, all other sub-indices finished in red by sliding as much as 1.25 per cent
(Representative image)NEW DELHI: Markets on Monday continued to fall for the eighth straight session with the benchmark BSE Sensex closing over 300 points lower. Sensex plunged 311 points or 0.87 per cent to finish at 35,498, while the broader NSE Nifty moved 84 points or 0.78 per cent lower to settle at 10,641.
On the BSE index, Tata Consultancy Services, Yes Bank, Reliance Industries, ITC, Sun Pharma, Coal India and Asian Paints were among the worst performers with their stocks down as much as 3.02 per cent. On NSE, except for Nifty Media and Realty, all other sub-indices finished in red by sliding as much as 1.25 per cent.
“There’s a lack of buyers in the marker, lack of triggers... Earnings multiples could have been better to make us an attractive investment target,” said Jayant Manglik, president, Religare Broking.
The investor sentiment also remained weak due to the Reserve Bank of India's board meet.
Meanwhile, on a net basis, foreign institutional investors sold shares worth a net of Rs 966.43 crore on Friday, while domestic institutional investors were net buyers to the tune of Rs 853.25 crore, provisional data available with BSE showed.
(With agency inputs)
On the BSE index, Tata Consultancy Services, Yes Bank, Reliance Industries, ITC, Sun Pharma, Coal India and Asian Paints were among the worst performers with their stocks down as much as 3.02 per cent. On NSE, except for Nifty Media and Realty, all other sub-indices finished in red by sliding as much as 1.25 per cent.
“There’s a lack of buyers in the marker, lack of triggers... Earnings multiples could have been better to make us an attractive investment target,” said Jayant Manglik, president, Religare Broking.
The investor sentiment also remained weak due to the Reserve Bank of India's board meet.
Meanwhile, on a net basis, foreign institutional investors sold shares worth a net of Rs 966.43 crore on Friday, while domestic institutional investors were net buyers to the tune of Rs 853.25 crore, provisional data available with BSE showed.
(With agency inputs)
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