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LORD JESUS CHRIST SAYS

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3 Feb 2016

STOCK MARKET- LIVE SENSEX PLUNGES 275 POINTS,NIFTY BELOW 7,400.


9:25 a.m.: The Sensex fell as much as 275 points and Nifty slumped below its crucial psychological level of 7,400 on the back of weak trading in other global markets after the crude oil futures again fell below $30 indicating a slowdown in global economic growth.

In Indian markets, selling pressure was visible across the board with power, banking, realty, oil & gas, metal and IT indices falling between 1-2.5 per cent each.

From the Nifty-50 basket of stocks, 47 stocks were falling while only 3 were gaining.

Cairn India, Vedanta, ICICI Bank, State Bank of India, Idea Cellular, Power Grid, BHEL, Bank of Baroda, ONGC, Maruti Suzuki and IndusInd Bank were among the top losers, down nearly 2-4 per cent each.

The broader markets were also facing the heat of selling pressure. The BSE mid-cap and small-cap indices slumped 1.5 per cent each.

8:20 a.m.: Sensex and Nifty are likely to open on a weak note in trades on Wednesday tracking weak global cues.

The Nifty futures traded on the Singapore Stock Exchange also indicated a weak start for the Indian markets. The SGX Nifty was down 0.9 per cent or 67 points at 7,399.

Asian shares sagged on Wednesday as oil prices sank again due to fading hopes of a deal to curb a global supply glut, prompting investor to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs.

Japan's Nikkei slumped 3.14 per cent, Hog Kong's Hang Seng plunged 2.97 per cent and Shanghai Composite was down 1.23 per cent.

Overnight, US stocks dropped on Tuesday after another steep fall in oil prices and a disappointing spending forecast from Exxon Mobil.

The Dow Jones industrial average closed down 295.64 points, or 1.8 per cent, to 16,153.54, the S&P 500 lost 36.35 points, or 1.87 per cent, to 1,903.03 and the Nasdaq Composite dropped 103.42 points, or 2.24 per cent, to 4,516.95.

Back home, foreign institutional investors sold shares worth Rs 113.98 crore while the domestic institutional investors sold shares worth Rs 323.23 crore on Tuesday.

(With inputs from Reuters)
 
In Indian markets, selling pressure was visible across the board with power, banking, realty, oil & gas, metal and IT indices falling between 1-2.5 per cent each.
From the Nifty-50 basket of stocks, 47 stocks were falling while only 3 were gaining.
Cairn India, Vedanta, ICICI Bank, State Bank of India, Idea Cellular, Power Grid, BHEL, Bank of Baroda, ONGC, Maruti Suzuki and IndusInd Bank were among the top losers, down nearly 2-4 per cent each.
The broader markets were also facing the heat of selling pressure. The BSE mid-cap and small-cap indices slumped 1.5 per cent each.
8:20 a.m.: Sensex and Nifty are likely to open on a weak note in trades on Wednesday tracking weak global cues.
The Nifty futures traded on the Singapore Stock Exchange also indicated a weak start for the Indian markets. The SGX Nifty was down 0.9 per cent or 67 points at 7,399.
Asian shares sagged on Wednesday as oil prices sank again due to fading hopes of a deal to curb a global supply glut, prompting investor to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs.
Japan's Nikkei slumped 3.14 per cent, Hog Kong's Hang Seng plunged 2.97 per cent and Shanghai Composite was down 1.23 per cent.
Overnight, US stocks dropped on Tuesday after another steep fall in oil prices and a disappointing spending forecast from Exxon Mobil.
The Dow Jones industrial average closed down 295.64 points, or 1.8 per cent, to 16,153.54, the S&P 500 lost 36.35 points, or 1.87 per cent, to 1,903.03 and the Nasdaq Composite dropped 103.42 points, or 2.24 per cent, to 4,516.95.
Back home, foreign institutional investors sold shares worth Rs 113.98 crore while the domestic institutional investors sold shares worth Rs 323.23 crore on Tuesday.
(With inputs from Reuters)   

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