Back
Home » Business
  •  
    Filmi Bollywood
    • Happy Birthday Dilip Kumar: These Rare Photos Of The 'First Khan' Of Bollywood Are Priceless!
    • Kareena Kapoor To Welcome Sara Ali Khan To Bollywood By Throwing A Grand Party!
    • Ranveer Singh Is Highly MIFFED With Ajay Devgn For Stealing His Thunder In Simmba
    • Unseen Photos From Priyanka- Nick's Weddings: Get Ready To Fall In Love With Them Again!
    • Rani Mukerji's Next Is Mardaani 2
    • Sara Ali Khan On Kedarnath Not Releasing In Uttarakhand
    • New York Diaries: Rishi Kapoor Goes Shopping, Neetu Kapoor Parties With Her Girl Gang!
    • Will Kangana Ranaut's Manikarnika Release On The Scheduled Date? The Film-makers Face An Uphill Task
    • Shahid Kapoor SLAMS Stomach Cancer Rumours; Requests His Fans 'Not To Believe Random Stuff'
    • Nick Jonas' Adorable Throwback Photo To Celebrate One Week Of Being Married To Priyanka Chopra!
    • Rani Mukerji's Daughter Adira Turns 3: Sonam Kapoor, Soha Ali Khan, Shilpa Shetty Attend The Bash
    • Taimur Participates In His First Sports Day At School, Wins Gold Medal! View Pictures
    • Happy Birthday Vidyut Jammwal: Bollywood's New Age Action Hero!
    • Kedarnath Sunday (Day 3) Weekend Box Office Collection: Sushant & Sara Starrer Keeps Up The Momentum
    • Anushka Sharma: I'm Not A Newcomer & I Don't Have To Do Movies Just For The Heck Of It
    • The Newlyweds Deepika Padukone & Ranveer Singh Are All Smiles At The Kalina Airport! View Pictures
    • Kedarnath SATURDAY (Second Day) Box Office Collection: The Sushant & Sara Starrer Sees A Big Jump
    • Shahid Kapoor's Family Reacts To Rumours About Him Being Diagnosed With Stomach Cancer!
    • Producer Prerna Arora Arrested By EOW For Alleged Fraud Of Rs. 32 Crore!
    • Happy Birthday Dia Mirza: The Actress Who Wooed The World With Her Dazzling Smile!
Sensex Ends 760 Points Lower On Global Rout
Good Returns | 11th Oct, 2018 03:37 PM
  • Rising interest rates, bond yields trigger fall

    The trigger for the sharp fall in the US markets, which led to a drop in other markets was the sharp rise in bond yields in the US.

    There were also fears that the US Fed maybe going too fast on interest rate hikes.

    The 10-year treasury yields in the US was at 3.16 percent, down from the seven-year high of 3.26. When yields rise, investors tend to dump stocks in favour of the safe treasuries.

    US President, Donald Trump said the stocks decline in the US was "a correction that we've been waiting for for a long time."


  • Financials lose heavy ground

    Back home, Banks and NBFC stocks, which saw a stellar rally on Wednesday, shed most gains on account of the massive plunge in global markets. ICICI Bank, Axis Bank and SBI, which saw massive gains on Wednesday, were big losers on Friday.

    In fact, Axis Bank was the top loser from the Nifty Sensex space and dropped, as much as 5 per cent. The only gainer from the index was ONGC.

    Even NBFC stocks like Bajaj Finance, DHFL etc., saw huge cuts in trade. All of the recovery of 159 points seen in the Nifty on Wednesday, was lost due to the global rout on Thursday.

    TCS was down 2.8 per cent, ahead of its results to be declared later today.


  • Rupee opens lower

    The rupee opened lower against the dollar, as was largely expected. Foreign Portfolio Investors have been selling massive amounts in the Indian markets in the last few months. This capital outflows has been adding to pressure on the rupee.

    The currency was last seen trading at 74.30 to the dollar, as against the previous days close of 74.21. It had gained on Wednesday, on reports of some tweaking of norms for NRIs.


  • Asian markets nosedive

    Asian markets saw a dramatic fall, with the Japanese Nikkei down 1,000 points or 4.25 per cent. The Hang Sang was down 3.58 per cent, while the Shanghai Composite was down in excess of 3 per cent on Thursday.

    Compared to these markets, the damage done to Indian stocks was far less, given that crude prices dropped.




It was carnage across global markets, led by a sharp drop in the Dow Jones Industrial Average which slumped 831 points, while the tech heavy NASDAQ fell 4 per cent on Wednesday.

This dragged stocks from Europe to Asia lower. The Sensex ended the day down 760 points at 34,001 points in trade on Thursday, while the Nifty ended lower by 225 points in trade. Markets like the US saw one of the biggest one day losses since Feb, 2018.

   
 
Health and Life
  • Cyclic Vomiting Syndrome: Symptoms, Causes & Treatment
  • Pigeon Peas: 10 Health Benefits, Nutritional Value & Recipe
  • 28 Amazing & Effective Home Remedies For Goitre
    • Black-eyed Peas: 12 Health Benefits, Nutritional Value & Recipes
    • Breadfruit: 13 Potent Health Benefits, Nutritional Facts And How To Consume
    • Can Excess Iodine Cause Hypothyroidism? Recommended Usage, Risk Factors & Warnings
      • 12 Benefits Of Bengal Gram (Black Chana Or Garbanzo Beans) For Health
      • 17 Incredible Health Benefits Of Rambutan, Uses, Nutritional Facts & Recipes
      • Liposarcoma: Types, Symptoms, Causes, Diagnosis & Treatment
        • 9 Lesser Known Benefits Of Safflower Oil; Does It Really Aid In Weight Loss?
        • What Is Kefir? Its Types, Benefits And How To Make It
        • Low Urine Output (Oliguria) – Causes, Symptoms, Diagnosis & Long-term Outlook
          • 16 Healthiest Things To Add To Your Daily Tea
          • Ackee: Benefits, Nutritional Value & Healthy Recipes
          • Arugula: Health Benefits Of The Mediterranean Wonder Green
            • Activated Charcoal: Uses, Consumption, Preparation & Side Effects
            • 11 Fascinating Health Benefits Of Honeydew And Its Nutritional Value
            • What Is Typhus? Causes, Symptoms, Treatment And Prevention
              • Guarana: Benefits Of The Exotic Seeds Of Energy
              • Health Benefits Of Pineberries
              • Malnutrition In Children And Adults: Causes, Effects And Prevention