Bloodbath at BSE Sensex, Investors lose Rs 3 Lakh Crore

BSE Sensex tumbled over 500 points and Nifty shed over 150 points on early trading session on Tuesday following weak global cues.

At 10:30 AM, the BSE Sensex was 27, 320 points losing around 500 points (-1.80%) and  Nifty at 8,226 points losing around 150 points (-1.81%).

Both the stock markets tumbled following the fall in the international oil prices and uncertainty in Greece. On Monday, Brent crude oil dropped by 1.8% to $55.42 per barrel, reached to five-and-half-year low.

Among the indices at BSE, Sensex fell by 1. 83 per cent, BSE 100 by 1.79, MidCap by 1.46, SmallCap by 1.66 and BSE 200 fell by 1.75.

Top five gainers at BSE were, Jubilant Life Sciences Ltd (JUBILANT) gained 7.37 per cent as the company received ANDA approvals for Mycophenolate Mofetil and Rizatriptan.

Jet Airways (India) Ltd (JETAIRWAYS) gained 3.19% as the company informed the BSE that it closed landmark five-year syndicated loan in the Middle East region for US$ 150 Million.

Alstom T & D India Ltd (ALSTOMT&D) gained 3.13%, the company informed that it will supply 765 KV switchyard for NTPC’s Darlipalli Super Thermal Power Project in Odisha.

Castrol India Ltd (CASTROLIND) and Ramco Cements Limited (RAMCOCEM) gained 2.77% and 1.88% respectively.

Live major losers at BSE on Tuesday morning were – PMC Fincorp Limited (PMCFIN) fell by 4.99%, Rasoya Proteins Ltd.(RASOYPR) by 4.46%, Suzlon Energy Ltd (SUZLON) by 4.45%, Manappuram Finance Ltd. (MANAPPURAM) by 3.74% and Jaiprakash Associates Ltd (JPASSOCIAT) by 4.06%. At BSE,  2,160 numbers of Scrips traded, 442 stocks advanced, 1674 stocks decline and 44 unchanged.

At Nifty, Asian Paints Limited (ASIANPAINT) gained 0.15 per cent and rest stocks were seen in red. Out of 50 stocks, one advanced and 49 declined at CNX Nifty. Major losers were ONGC, Tata Motors, NMDC, SSL and Jindal Steel.

BSE Sensex closed at 26,987.46 points losing 854.86 points  (-3.07%), Nifty closed at 8, 127.37 points with shedding 251.05 points (-3.00%). This was the biggest loss since September 2013.