Sensex Crashes to 19-month Low, Sinks 335 Points on Asian Cues

Sensex plunged over 335 points to hit a fresh 19-month low and the NSE Nifty crashed below the 7,500-mark in early trade.

Published: 11th January 2016 10:09 AM  |   Last Updated: 11th January 2016 10:10 AM   |  A+A-


Bombay Stock Exchange (File|Reuters)


MUMBAI: The benchmark BSE Sensex plunged over 335 points to hit a fresh 19-month low and the NSE Nifty crashed below the 7,500-mark in early trade today due to heavy selling by funds and investors tracking weak Asian markets amid persistent China fears.

The 30-share index was trading down by 335.43 points, or 1.34 per cent, to 24,598.90 with all sectoral indices led by metal, capital goods and PSU leading the fall with losses up to 2.29 per cent.

The Sensex had gained 82.50 points in the previous session on Friday. On similar lines, the NSE Nifty dropped below the 7,500-mark by falling 105.70 points, or 1.39 per cent, to 7,495.65. Brokers said sentiment dampened following other Asian markets amid unabated China fears which led to massive losses on global markets last week, overshadowing a strong US jobs report.

Furthermore, the depreciating rupee against the dollar also negatively impacted sentiment in the domestic market, they added. In the Asian region, Hong Kong's Hang Seng fell 2.61 per cent in early trade, while Shanghai composite index plunged 2.40 per cent. Japan's market remained closed today for a public holiday.

The US Dow Jones Industrial Average ended 1.02 per cent lower on Friday's trade.

More from Business.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp