For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

Global Carnage Drag Sensex Lower By 350 Points


Amid global sell-off and as the likelihood of recession in the US gathers pace, Indian equities dropped heavily today by as much as 500 points.

All of the major indices trade in the red dragged by bank, pharma, metal, auto, energy and FMCG.

Global Carnage Drag Sensex Lower By 350 Points

Karnataka Bank shares fell as much as 4% after company reported a fraud worth Rs. 13.26 crore to the apex bank.

Also, after heavy profit booking and reversal of Bank Nifty which made new highs there is seen a reversal which pulled down the benchmark index below 38000 mark.

And with the current stock market VIX or measure of fear is expected to remain elevated on global correction.

Rupee also trades in the positive with gains of 11 paise or 0.1578% at 68.84 for a dollar.

Read more about: stock market sensex recession
Company Search
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