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Sensex declines by 203 pts amid record volatility
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SME Times News Bureau | 15 May, 2019
After Tuesday's advance, the key equity indices succumbed to selling
pressure yet again as the Sensex shed over 200 points on Wednesday amid
record volatility.
The 'fear index' or the 'VIX', indicators of
the volatility in the market, jumped to a 52-week high of 29.08 before
settling at 28.6.
The BSE Sensex lost 203 points or 0.55 per cent to 37,114.88 and the Nifty closed 65.05 points or 0.58 per cent lower.
The broader markets also ended lower. The mid-caps ended 0.67 per cent lower and the small-caps declined by 0.45 per cent.
"The
market slid on profit booking despite an initial extension in
yesterday's rally as investors remained watchful on global trade and
liquidity squeeze by FIIs," said Vinod Nair, Head of Research, Geojit
Financial Services.
"Rupee strengthened after RBI announced plans
to conduct open market operation. IMD predicted southwest monsoon to
start from next month which will be a key trigger for consumption and
rural economy," Nair added.
Yes Bank was the top loser among the Nifty50 stocks, declining over 8 per cent.
"Prices
are in a bearish trend... due to concern over its balance sheet, asset
quality, exposure to IL&FS, Directors and now RBI appointing an
additional Director for two years," said Mustafa Nadeem, CEO, Epic
Research.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
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84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
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| Daily Poll |
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| PM Modi's recent US visit to redefine India-US bilateral relations |
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