Thursday, August 22, 2019

Posted at: Aug 14, 2019, 8:47 AM; last updated: Aug 14, 2019, 8:47 AM (IST)

Sensex sinks amid global woes, but RIL jumps 10%

Apart from global concerns, investors remained jittery over domestic macro challenges amid slowing down of the economy and falling consumer demand in various sectors

Mumbai, August 13

Equity benchmark Sensex today suffered its steepest single-day fall of 624 points dragged by losses across the board as fears about long-lasting trade war, Hong Kong protests and Argentine currency crash spooked investors.

The NSE gauge Nifty too tumbled nearly 184 points to settle below the key 11,000-level.

Bucking the overall downtrend, shares of Reliance Industries (RIL) rallied nearly 10%, capping the Sensex loss to a large extent.

After diving nearly 700 points in the fag-end of the session, the 30-share Sensex settled 623.75 points, or 1.66 per cent, lower at 36,958.16. It hit an intra-day low of 36,888.49 and a high of 37,755.16.

While the NSE Nifty slumped 183.80 points, or 1.65 per cent, to 10,925.85. During the day, it hit a low of 10,901.60 and a high of 11,145.90. — PTI


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