The Sen sex dipped below 20,000 level by falling 233 points and the Nifty plunged 60 points to 5,942 in the opening trade on heavy capital outflows owing to weak global cues.
Global Markets tumbled after data from China, US and UK, particularly in the manufacturing sector, showed that growth in the economy has slowed. The fall was triggered by data showing that new orders dropped to a three-decade low in the US and the construction sector witnessing little growth in December.
In the Asian trade, Japan's Nikkei Index plunged 3.23 per cent, Hong Kong's Hang Seng Index Shed 2.37 per cent Australia's S&P/ASX 200 Index fell 1.66 per cent and Singapore's straits Times Index declined 0.72 per cent.
Overnight, the DOW JONES Industrial Average fell 326.05 points to 15,372.80, down 2.08 per cent. The Standard & Poor's 500 shed 2.28 per cent to 1,741.89, its lowest close since October 17. The NASDAQ composite index dropped 2.61 per cent to 3,996.96.
Global Markets tumbled after data from China, US and UK, particularly in the manufacturing sector, showed that growth in the economy has slowed. The fall was triggered by data showing that new orders dropped to a three-decade low in the US and the construction sector witnessing little growth in December.
In the Asian trade, Japan's Nikkei Index plunged 3.23 per cent, Hong Kong's Hang Seng Index Shed 2.37 per cent Australia's S&P/ASX 200 Index fell 1.66 per cent and Singapore's straits Times Index declined 0.72 per cent.
Overnight, the DOW JONES Industrial Average fell 326.05 points to 15,372.80, down 2.08 per cent. The Standard & Poor's 500 shed 2.28 per cent to 1,741.89, its lowest close since October 17. The NASDAQ composite index dropped 2.61 per cent to 3,996.96.
0 comments:
Post a Comment