Sensex Falls Over 200 Points, Nifty Slips Below 10,850
Domestic stock markets halted their five-day rally on Tuesday amid weak global cues. The S&P BSE Sensex opened lower at 36,226.38 and the Nifty50 barometer of the National Stock Exchange (NSE) at 10,850.90. In morning deals, the 30-share Sensex fell as much as 223.55 points, or 0.62 per cent, to touch 36,046.52 while the 50-scrip Nifty declined 69.25 points - or 0.64 per cent - to hit 10,819.10. Thirty two out of 50 Nifty stocks were trading in the red.
At 10:33, Zee Entertainment, UPL, Wipro, Infosys, Wipro and Tech Mahindra were the top five Nifty50 losers, trading between 1.91 per cent and 3.55 per cent lower.
Asian share markets slumped as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year, reported news agency Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.3 per cent in mid-morning trade while Japan's Nikkei tumbled 1.2 per cent by the midday break.
In overnight trade, the S&P 500 lost 2.08 per cent to hit its lowest since October 2017 as it breached lows reached during a sell-off in February, having wiped out about $3.4 trillion of market value since late September.
On Monday, foreign portfolio investors and domestic institutional investors both sold net shares worth Rs 60.95 crore and Rs 76.84 crore respectively, provisional NSE data showed. The Sensex closed at 36,270.07 and the Nifty50 at 10,888.35 on Monday.
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