Sensex tumbles 356 points amid fears of weakening global economy

Sat, 21 Sep 2019

Sensex tumbles 356 points amid fears of weakening global economy

ANI
25 Mar 2019, 21:55 GMT+10

Mumbai (Maharashtra) [India], Mar 25 (ANI): Equity benchmark indices traded in red on Monday amid sharp fall in Asian and US markets as fears of weakening global economy resurfaced.

The BSE SP Sensex closed 356 points lower at 37,809 while the NSE Nifty 50 was slipped tumbled 103 points at 11,354.

While selling pressure was seen in most sectoral indices, the downturn was led by heavyweights like Reliance, ICICI Bank and HDFC Bank.

Tata Motors closed over 2 per cent down after reports that the company will increase prices of its passenger vehicles from April.

However, Jet Airways surged after Chairman Naresh Goyal decided to step down, paving way for lenders to bail out the financially troubled airline. It closed 12.7 per cent up at Rs 254.50Meanwhile, all Asian stocks were in the red amid heightened concerns over the global economy, after cautious remarks by the US Federal Reserve sent 10-year treasury yields to low levels.

The uncertainty surrounding Brexit also kept markets nervous. British Prime Minister Theresa May is trying her best to get the deal cleared by the British Parliament. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Brazil Sun.

More Information

South America

Section

US-Iranian Tensions Threaten to Overshadow UN General Assembly

UNITED NATIONS - As world leaders prepare to gather for their annual meetings at the U.N. General Assembly, heightened tensions ...

Hundreds in Haiti Stage Protests Against Corruption, President

WASHINGTON/PORT-AU-PRINCE - Hundreds of Haitians braved rainy weather and joined an opposition protest Friday to demand an end to rampant ...

WATCH | Melting snowcaps spell trouble for world's highest capital

Water resources are running dry in the world's highest-elevation capital due to the combined effect of the Andean glaciers melting, ...

Don't bet on the UN to fix climate change - it's failed for 30 years

We're constantly encouraged to think of the next big climate summit, conference or protest as the most important one, the ...

New Members Elected to IAEA Board of Governors

Eleven countries have been newly elected to serve on the 35-member IAEA Board of Governors for the period 2019-2020. The ...

Hoge leads at soggy Sanderson Farms championship

Washington - American Tom Hoge rolled in a 46-foot birdie putt at the 18th hole to cap an eight-under par ...

Business

Section

U.S. stock markets in decline, Nasdaq loses 65 points

NEW YORK, New York - U.S. stocks weakened on Friday while the U.S. dollar strengthened.Stocks had dropped earlier when it ...

79,000 farmers in Ireland eligible for government payments

DUBLIN, Ireland - Payments worth 168.5 million euro have begun to be paid out this week under the 2019 Areas ...

Stocks in Asia make gains, pound continues rally

SYDNEY, Australia - Stocks were positive but moves were unremarkable on Asian stock exchanges on Friday.Japan's Nikkei 225 added 34.64 ...

Uncertainty of the trade war is slowing global growth, says former Fed

Uncertainty surrounding the U.S.-China trade war is hitting global growth, and that could be driving the slowdown more than the ...

Buyers and sellers sidelined on Wall Street Thursday

NEW YORK, New York - Wall Street saw buyers and sellers sidelined on Thursday, with little movement in shares in ...

San Francisco-based company opens new EMEA headquarters in Dublin

DUBLIN, Ireland - Nitro, a global company specialising in document productivity solutions, has opened a new EMEA headquarters in Dublin.Centrally ...

Movie Review

Green Book