February 22 2020
Sensex tumbles 193 pts on heavy selling
31 May 2012

The BSE benchmark Sensex tumbled by 193 points to 16,119.55 at 1100 hrs due to persistent selling pressure mainly from auto, refinery, banking, consumer durables and IT sectors, triggered by fall in rupee value against the dollar.

Off-loading of long position in view of last day of the derivative May contract also affected the market sentiment.

The rupee fell to a record low in opening trade which was also another factor behind fall in share values.

The BSE benchmark Sensex resumed lower at 16,224.86 and dropped further to a low of 16,115.63 before quoting at 16,119.55 at 1100 hrs, showing a net loss of 192.60 points or 1.18 per cent from its last close.

The NSE 50-share Nifty also declined by 53.95 points, or 1.09 per cent, to 4,896.80 at 1100 hrs.

Major losers were Tata Motors (3.86 pct), Maruti Suzuki (3.24 pct), ICICI Bank (3.18 pct), RIL (2.36 pct), Sterlite Ind (1.78 pct), Tata Steel (1.35 pct) and HDFC (1.30 pct).

Asian stocks sank in the early trade as fresh worries about Spain and Italy sparked fears of a deteriorating situation in Europe, and rising global uncertainty saw investors dump risk assets.

Key benchmark indices in China, Singapore, Hong Kong, Japan, Taiwan and South Korea were down by 0.46 per cent to 1.6 per cent.



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