Sensex crashes 483 points as China loses 3.2 trillion dollars since June
It was a bloodbath at the Dalal Street. Indian stock market went down and down following the upheavel in the Chinese stock market earlier today. This slide that seems to be the culmination of a wider stock market reversal has caused the loss of more than $3.2 trillion dollars as far as Chinese market is concerned.
The Indian stock market that has also not been in pink of health suffered badly today. To be true the continuous slide in the Chinese stock markets and the stalemate in the Greece debt talks dampened investor sentiments, leading to a barometer index of the Indian equity markets to provisionally close 497 points down on Wednesday. The benchmark 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) provisionally closed 497.41 points or 1.77 percent down during Wednesday’s trade session.
The loss and slide was widespread. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed deep in the red. It plunged 157 points or 1.84 percent at 8,353.85 points. The Sensex, which opened at 28,031.45 points, provisionally closed at 27,674.28 points (at 3.30 p.m.) — down 497.41 points or 1.77 percent from the previous day’s close at 28,171.69 points. The Sensex touched a high of 28,031.45 points and a low of 27,635.78 points in the intra-day trade.
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