Sensex Falls 240 Points On Dismal Chinese PMI Data

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices were sharply lower for the second day in a row as Asian markets fell after grim date from China. The country's flash Caixin purchasing managers' index (PMI) dropped to a six and a half year low, confirming fears of a slowdown.

    Sensex Falls 240 Points On Dismal Chinese PMI Data
    Indices
    Asian markets were seeing deep cuts anywhere between 1-2 per cent. The Sensex shed 240 points to trade at 25,410 points, while the Nifty fell 80 points in trade.
     

    Check Sensex gainers and losers here

    Most of the sectoral indices were trading lower with the metals index seeing the worst possible cuts. Vedanta, Hindalco and Tata Steel were among the early losers. The metal index was down almost 1.5 per cent in trade.
    Shares in Motherson Sumi, which have plunged following the scandal at Volkswagon, continued to drop in trade despite the company clarifying that Volkswagon was not a major client.

    IT stocks managed to remain resilient in a falling market with Infosys and MindTree among the gainers. Mid cap stocks also saw deep cuts with stocks like Bata, Voltas and Crompton among the losers.

    Markets are expected to remain volatile ahead of the expiry for the Futures and Options later on Thursday.
    Meanwhile, most of the Asian markets were trading sharply lower with the Hang Sang seeing a cut of almost 3 per cent in trade, while the Shanghai Composite was down 2 per cent.

    GoodReturns.in

    Read more about: sensex nifty crompton greaves
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more