Sensex tumbles over 340 pts; Nifty dips below 8,900-mark

On similar lines, the National Stock Exchange index Nifty slipped below the 8,900-mark by dropping 110.45 points, or 1.24 per cent, to 8,827.30.

Brokers said heavy selling by participants in recent out-performers, following a weak trend at other Asian markets after a strong US jobs report raised expectations that the Federal Reserve will hike interest rates soon, dampening trading sentiments here.

Prominent losers among the 30 Sensex stocks were TCS, Axis Bank, Bharti Airtel, BHEL, GAIL, HDFC, HDFC Bank, Hero MotoCorp, Infosys, M&M, Maruti Suzuki, NTPC, ONGC, SBI, Sesa Sterlite, Sun Pharma and Tata Motors.

Among other Asian markets, Hong Kong’s Hang Seng was down by 0.75 per cent, while Japan’s Nikkei fell 0.63 per cent in early trade today after data showed that Japanese economy grew slower than expected in the last quarter of 2014.

The US Dow Jones Industrial Average ended 1.54 per cent lower in Friday’s trade.

You may also like...

Rules of Discussion on Sensex tumbles over 340 pts; Nifty dips below 8,900-mark

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Note: If old messages appear, it is due to browser cache. Please refresh the page with pressing F5 or Ctrl+F5 and current message will appear.