The domestic stock markets lost some ground again, today, despite a recovery in the global markets. The Sensex at the Bombay Stock Exchange declined 114 points, to close at 27,574. Yesterday, the Sensex had plunged almost 500 points. The Nifty at the National Stock Exchange lost 35 points, to 8,329. But key Asian markets in Japan, Hong Kong, and South Korea gained between 0.6 percent and 3.7 percent. The Chinese market surged 5.8 percent–its biggest single-day rise in 6 years–after the authorities announced new measures to calm the markets, including banning major shareholders from selling their shares for the next six months. The key European markets also posted strong gains. Back home, at the forex market, the rupee appreciated 21 paise, to an over two-month closing high of 63.39 against the dollar, on heavy dollar selling by exporters.
News On AIR | July 9, 2015 9:44 PM
Stock markets continue downslide; Sensex declines over hundred points