Share Market Update: Sensex dives 550 points, nifty at the level 10,500.

Share Market Opening: Equity benchmarks have plummeted more than one percent in the morning trade, with the Nifty opening 10,550. Exit results and weak global indications could have weighed on indices.

Variation in Sectors: Sales were visible in all sectors, the main losers being metals, infrastructure, automobiles, banks and pharmaceuticals. The Nifty Midcap index falls by about 2%.

Variation in Scrip: The fall of the Sensex can be attributed to strong sales in the Reliance Industries, HDFC Bank, Housing Development Finance Corp, ICICI Bank and ITC industries. But GAIL, HCL Tech and Tech Mahindra were the most successful.

Rupees variation: The Indian Rupee slipped early in Monday’s trade. It opened by 54 countries at 71.34 per dollar lower than the previous close 70.80.

Wrapping News: Weak global markets and uncertainty about the results of the state election results have sharply reduced India’s markets today. The Sensex declined from 650 points to 35,016 while Nifty declined from 1,7 percent to 10,500 points. The results of the survey show a close race between BJP and Congress in Madhya Pradesh and Chhattisgarh and an edge for the Congress in Rajasthan.

Result Today: Yash Chemex.

wcadmin