Recovering partially from initial losses, the Sensex at the Bombay Stock Exchange stood 192 points, or 1.1 percent in negative territory, at 18,115 in volatile afternoon trade, a short while ago. Earlier in the morning, the Sensex had opened with a much bigger loss of 326 points, or 1.8 per cent, at 17,982, on sustained selling pressure, as the rupee plunged to a fresh low, and as global markets lost ground. The Sensex had lost over 1,060 points in the previous two trading sessions.Stock markets in Japan, China, Indonesia, Singapore, Hong Kong, South Korea and Taiwan had lost between 0.6 percent and 5 percent, today, as investors bet that the US Federal Reserve will soon announce a wind-down of its massive bond-buying programme.The US Dow Jones Industrial Average ended 0.5 per cent lower in yesterday's trade.
News On AIR | August 20, 2013 2:01 PM
Sensex drops 192 points in volatile trade