Sensex, Nifty, rupee down on global rout

A TVS Motors bike is showcased at the Auto Expo 2018 in Greater Noida on Wednesday

Feb 07 12:21 PM A TVS Motors bike is showcased at the Auto Expo 2018 in Greater Noida on Wednesday

Market capitalization of all the listed shares on the Bombay Stock Exchange fell by Rs 5.4 lakh crore to below the Rs 143 lakh crore mark as more than 2,400 shares out of the 2,673 shares traded on BSE witnessed selling.

Bajaj Fin (+4%), Indiabulls HF (+1.5%), ICICI Bank (+1%), Eicher (+0.99%) and Tata Steel (+0.82%) were the top gainers on the NSE.

The benchmark BSE Sensex languished on across the board sell-off, slumping 1,025 points points or 2.95 per cent in late morning deals crumbled by sharp losses in global markets.

Key indices after bleeding the entire day recovered to an extent before closing. That was more than $4 below their high-point for 2018, hit last month, a Reuters report said.

Nifty 50 still down 1.2 percent. At 12.26 pm, BSE Sensex was 1011 points down at 33746 while Nifty was 304 points down at 10,362. The index fell 236.15 points, or 0.67%, at the day's high of 34,521.01 in mid-afternoon trade.

A Falcon 9 SpaceX heavy rocket lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral Florida on Tuesday. The Falcon Heavy has three first-stage boosters strapped together with 27 engines in all. AP
Mutual funds betting more on banking and financial services

MidCap was down 3.16 percent, while SmallCap fell 3.72 percent. BSE' Consumer Durables (down by 2.86%) lost the most.

"We couldn't have shifted the Budget's date". "The sell-off in the United States has led to a global sell-off". Mr Adhia said the 10 per cent tax on long-term capital gains (LTCG) is a "subsidised rate" as such gains on sale of unlisted scrips and immovable property are taxed at 20 per cent.

"What happened on 2nd Feb & 5th Feb was mainly because of global shakeup". The domestic market saw a boost up in prices of shares due to the good progress in the global economic market. "Otherwise, the Sensex and NSE would have come down on the first day itself", he added. It plunged by over 300 points or 3.00 percent.

Investors responded by moving "to sell out of stocks and put money into assets like bonds" to gain from higher interest rates, noted BBC. Furthermore, Taiwan's Tail plunged an nearly complete 5 per cent, down to 10,404 points (at the time of publishing), which is the index's biggest slump in 6.5 years, according to Market Watch.

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