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Global cues, oil spook investors; Sensex, Nifty nosedive

Jan 06, 2015, 01.18 PM IST | Source: Moneycontrol.com

Asian shares took a hit from sliding oil prices and political uncertainty in Greece. On Monday, both the Dow Jones industrial average and S&P 500 suffered their biggest one-day declines in about three months.

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Global cues, oil spook investors; Sensex, Nifty nosedive

Asian shares took a hit from sliding oil prices and political uncertainty in Greece. On Monday, both the Dow Jones industrial average and S&P 500 suffered their biggest one-day declines in about three months.

13:00

The News International Team

Blood spills continue on Dalal Street as selling spree continues. The Sensex is down 588.39 points or 2 percent at 27253.93, and the Nifty is down 168.30 points or 2 percent at 8210.10.
About 667 shares have advanced, 1956 shares declined, and 491 shares are unchanged.

ONGC and Tata Steel are down 4 percent each, while Tata Motors, ICICI Bank and Tata Power are other losers in the Sensex. HUL is up marginally.

Gold prices firmed above USD 1,200 an ounce, as tumbling global equities and concerns over Greece’s future in the euro zone prompted investors to seek safety in the metal.

Asian shares took a hit from sliding oil prices and political uncertainty in Greece. On Monday, both the Dow Jones industrial average and S&P 500 suffered their biggest one-day declines in about three months. There is increasing speculation that Greece might exit the euro zone if a left-wing party that has vowed to end austerity measures and erase a big portion of its debt wins Jan. 25 elections as widely expected.

12:00

Sensex slips 600 pts; ICICI Bank, Reliance, HDFC slump

ICICI Bank, HDFC and Reliance Industries are the biggest contributors to the fall, down 3 percent each. Infosys, L&T, Sun Pharma and TCS dropped 2 percent each. ITC declined over a percent while HUL, the only gainer on Sensex, gained 0.2 percent.

Read More »

11:00

Sensex, Nifty plunge 2%; Tata Motors, ONGC slip 4%Read More »

Tata Motors and ONGC are down 4 percent each while Tata Steel, HDFC and Sesa Sterlite slip around 3 percent each.

Read More »

10:00

Sensex cracks 500 pts; IT, Auto, Metal, Oil indices fall 2%Read More »

All sectoral indices traded in red with the BSE Auto, Capital Goods, IT, Metal, Oil & Gas, Power and Realty indices declined over 2 percent while Bank and Healthcare dropped 1.8 percent each.

Read More »

09:15

Sensex tanks over 450 pts, Nifty below 8250; oil drags Read More »

The market has opened with massive losses. The Sensex is at 27351, down 498 points while the Nifty is 8236, down 137 points. About 231 shares have advanced, 909 shares declined, and 478 shares are unchanged.

Read More »

READ MORE ON  BSE, Sensex, nifty, Bharti, Tata Motors, ICICI, ONGC, Oil, Asia
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