2 Days Free Trial, Stock Cash Tips -Sensex down 200 pts, Nifty below 10,850; Tata Motors zooms 2%
Share market LIVE updates: The domestic stock market--Sensex and Nifty--opened lower tracking weak global cues after S&P 500 closed at a 14-month low on concerns about slowing economic growth. The 30-share Sensex slumped 213 points in the opening trade to 36,047.49.
The domestic stock market–Sensex and Nifty–opened lower tracking weak global cues after S&P 500 closed at a 14-month low on concerns about slowing economic growth. The 30-share Sensex slumped 213 points in the opening trade to 36,047.49, while the broader Nifty 50 was trading firmly below 10,850-level. Tata Motors share price gained by more than 2% to hit the day’s high at Rs 177.60. Notably, the firm’s subsidiary JLR has reportedly hired Boston Consulting Group for its $3.2 billion turnaround plan.
Earlier, the SGX Nifty was trading 38 points lower indicating a negative start for Sensex and Nifty. Asian share markets slumped on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.3 percent in mid-morning trade while Japan’s Nikkei tumbled 1.2 percent by the midday break. We bring to you live updates.
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