23
Tuesday
October 2018
2:33 AM IST
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Business News
Sensex ends in red after 1,000-pt flash crash
 
Mumbai, Sep 21 (PTI) The BSE Sensex tumbled about 280 points to close below the 37,000-mark Friday after investors were jolted by an over 1,000-point plunge in afternoon trade.

The 30-share benchmark, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 at 1309 hours, before staging an equally sharp recovery.

The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.

The Sensex finally ended lower by 279.62 points, or 0.75 per cent, at 36,841.60. This is its lowest closing since July 25, when it had finished at 36,858.23.

Yes Bank was the worst performer on the index, losing a whopping 28.71 per cent. The Reserve Bank Wednesday curtailed the term of its founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019.

The broader Nifty too suffered a mid-session plunge and ended at 11,143.10, down 91.25 points.

The indices closed with losses for the third straight week. The Sensex lost a hefty 1,249.04 points, or 3.28 per cent, while the NSE Nifty fell 372.10 points, or 3.23 per cent, during the week.

Foreign portfolio investors (FPIs) remained net sellers and offloaded equities worth Rs 2,184.55 crore while domestic institutional investors (DIIs) made purchases worth a net Rs 1,201.30 crore Wednesday, provisional data showed.


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Cabinet Gives Nod to New Telecom Policy to Create 40 Lakh Jobs
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Instagram departures hit Facebook shares
OYO to hire over 2,000 tech experts, engineers by 2020
Sensex recovers over 100 points on value-buying, global cues
Deepak Kapoor Appointed the new Chairperson of Save the Children
KERALA NEWS
Vijayan urges UAE Keralites to back salary challenge
 (Abu Dhabi, Oct 18, 2018): Kerala Chief Minister Pinarayi Vijayan has urged Keralite business  
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
INTERNATIONAL NEWS
22 Miners Trapped In China's Coal Mine Accident
 (Beijing, Oct 21, 2018):Twenty-two miners were trapped following a coal mine accident in Chin
Maldives judiciary upholds poll result
Top Afghan Police Chief Killed In Shooting, US General Unhurt
Putin says IS seized 700 hostages in Syria; executing some
NATIONAL NEWS
Student gang raped in Muzaffarpur
 Muzaffarpur: A class nine student has been allegedly gang raped in her home in Bihar's Muzaffarpur t
Rafale deal will 'sink' Modi government: Ashok Gehlot
Sabarimala verdict: SC to decide hearing review petitions tomorrow
Fans react to Deepika-Ranveer wedding announcement
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