Mumbai: The benchmark BSE Sensex tumbled 210 points and the NSE Nifty dipped below the 7,800-mark in early trade today on across-the-board selling by investors, tracking heavy losses in Japan as a surging yen hit exporters.
The 30-share index fell by 209.74 points or 0.82% to 25,396.88 with sectoral indices led by power, realty, banking, IT, technology, auto and capital goods in deep red. The gauge had gained a marginal 3.52 points on Friday.
On similar lines, the National Stock Exchange index Nifty slipped below the 7,800-mark by falling 56.70 points or 0.72% to 7,793.10.
Brokers said sentiment dampened following a 3.62% plunge in Tokyo equities, as a sharp rise in yen hit exporters, leading to a sell-off across Asia in holiday- thinned trade and on global economy worries-fuelled sharp losses in Wall Street and Europe on Friday.
Besides, a cautious approach adopted by investors ahead of quarterly earnings from more blue-chips including HDFC Ltd and Hero MotoCorp, too influenced sentiment, they added.
Meanwhile, markets in China, Hong Kong, Malaysia and Singapore were closed on Monday for public holidays.
Comments
0 comment