Sensex slips below 35000

Written by: CapitalAim on December 10, 2018

  Sensex slips below 35000

The weakness in the global markets and negative signals of the exit poll have started the week with a sharp decline in the market. The Sensex has slumped more than 700 points today and broke the crucial level of 35000. While the Nifty has also closed 200 points and closed below 10500. Today, the condition of the bank nifty has also declined, with around 500 points falling. All Sector Indices of BSE are also closed today in the red mark.

In today's trade, the highest decline was in Kotak Mahindra Bank, Ultratech Cement, Indiabulls Housing and Bajaj Finance. At the same time, IOC, BPCL, HPCL and Maruti saw the highest increase.

In the same time, mid-and small-cap shares have also seen a huge drop in their share of giants. The BSE Mid-cap Index was closed 1.84% down at 14446.47. Smallcap index, however, closed 1.8% down at 13845.70. Oil and gas shares were also under selling pressure today, which led to the BSE's oil and gas index falling at a level of 12872.44 with a 0.7% weakness.

Show all-round pressure on the market today. Bank Nifty closed 1.8% down at 26,102.65 due to heavy selling in banking stocks. In today's trade, the biggest weakness in pharma, IT, FMCG and auto stocks came in. Nifty's Pharma Index today closed at 1.7%, IT index 1.6 per cent, FMCG Index 1.5 per cent and Auto index by nearly 1%.

At the end of the turnover, BSE's 30-share index Sensex closed at 34,959.72 with 713.53 points, which is 2% weakness. On the other hand, NSE's 50-share index Nifty closed at 205.25 points i.e. 1.9%, at 10,488.45 level.

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