Indian stock market continued to remain weak as traders booked positions after non-eventful budget failed to boost investors’ reaction.
Moreover, depressing Asian markets also have contributed to the sharp fall this afternoon.
At 13:48 hrs, the Sensex lost 2.87% or 267.25 points at 9038.20, slightly off a low of 9022.67 it had touched a little while ago. Meanwhile, Nifty lost 81.65 points at 2766.85.
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell to a four-month low Tuesday after Finance Minister Shoichi Nakagawa said he would step down following accusations he was drunk at a Group of Seven press conference.
The Nikkei closed at 7,645.51, down 104.66 points, or 1.35 per cent, and the broader Topix index of all first section issues was also down 13.57 points, or 1.76 per cent, at 756.53.
Indian stock market, which opened weak following negative global sentiment, continued its downward movement on account of heavy selling action in stocks cutting across sectors.
After closing negatively after a fall of 329.29 points (3.42%) on Monday (Feb 16), the 30-share index, BSE Sensex, today (Feb 17), opened at 9,213.40, down 92.05 points. US markets remained closed for Presidents Day holiday on Monday, February 16.
In today’s session, markets remained weak following yesterday’s non-eventful budget that failed to boost investors’ reaction.
Tokyo - Japan's benchmark Nikkei 225 Stock Average hit a three-month low Tuesday amid worries over US automakers' restructuring plans, which are to be submitted to Congress later in the day in Washington.
The Nikkei dropped to 7,637.49, down 112.68 points, or 1.45 per cent, from the previous day's close.
The broader Topix index of all first-section issues was down 11.9 points, or 1.55 per cent, to 758.2.
On currency markets at 9 am (0000 GMT), the dollar traded at 91.70-75 yen, up from Monday's 5 pm quote of 91.56-58 yen.
Anil Ambani-led Reliance Infrastructure, in a revelation before Bombay Stock Exchange, said that one of its promoters AAA Communication Pvt Ltd. pledged 16.35 per cent stakes in Reliance Infrastructure. Its other promotes includes Reliance Capital, Sonata Investments Ltd, Reliance Inn ventures Pvt. Ltd, Reliance General Insurance Company besides Ambani family.
Total of 3.72 crore shares are able to fetch Rs 2,119.92 crore to the promoter, considering prevailing market price of shares of Reliance Infrastructure. AAA Project Ventures held a 36.66 per cent stake out of 37.33 per cent stake of promoters in the firm.
Indian stock market continued to remain weak as traders booked positions after non-eventful budget failed to boost investors’ reaction.
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell to a four-month low Tuesday after Finance Minister Shoichi Nakagawa said he would step down following accusations he was drunk at a Group of Seven press conference.
Indian stock market, which opened weak following negative global sentiment, continued its downward movement on account of heavy selling action in stocks cutting across sectors.
Tokyo - Japan's benchmark Nikkei 225 Stock Average hit a three-month low Tuesday amid worries over US automakers' restructuring plans, which are to be submitted to Congress later in the day in Washington.
Anil Ambani-led Reliance Infrastructure, in a revelation before Bombay Stock Exchange, said that one of its promoters AAA Communication Pvt Ltd. pledged 16.35 per cent stakes in Reliance Infrastructure. Its other promotes includes Reliance Capital, Sonata Investments Ltd, Reliance Inn ventures Pvt. Ltd, Reliance General Insurance Company besides Ambani family.
