Mumbai, August 5
Equity benchmark Sensex today crashed over 418 points to slip below the 36,700-level, a near five-month low, as massive global selloffs and growing political uncertainties in Kashmir rattled investors’ sentiment.
Likewise, the NSE gauge Nifty dived nearly 135 points to close at 10,862.60.
Both benchmark indices — Sensex and Nifty — saw an intense volatility throughout the session due to multiple headwinds like escalation in US-China trade war, weak corporate earnings, rupee downfall and political tensions in Jammu and Kashmir.
After cracking over 700 points in day trade, the 30-share index pared losses to close at 36,699.84, still down by 418.38 points, or 1.13%. It hit a low of 36,416.79 and a high of 36,844.05. — PTI
Rupee suffers biggest slump in 6 years
The rupee on Monday crashed by 113 paise — the biggest single-day drop in past six years — to close at a five-month low of 70.73 due to heavy capital outflows by investors
Gold soars to record high, nears Rs 37,000
Gold prices on Monday surged Rs 800 to hit an all-time high of Rs 36,970 per 10 gram at the bullion market here amid strong trend overseas as investors preferred the yellow metal due to escalation of trade tensions between the US and China.
from The Tribune https://ift.tt/2OFlMvv
via Today’s News Headlines
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