Sensex slips 267.41 points, Nifty ends 74.60 points down

Sensex slips 267.41 points, Nifty ends 74.60 points down

Sensex slips 267.41 points, Nifty ends 74.60 points down

The 30-scrip Sensitive Index (Sensex) was trading 100.46 points or 0.33 per cent lower during the early session.

The 30-share barometer tripped by 133.04 points, or 0.44 per cent, to 29,993.17 in early trade.

Mumbai: Equities sank the most in six weeks as the Sensex crashed 267 points to close below 30,000 while the Nifty retreated from a life high amid a lower opening in Europe ahead of key U.S. jobs data and slide in crude prices.

"The equity benchmark indices started off the day on a firm note despite of mixed global cues, thanks to gains in banking stocks after the cabinet on Wednesday approved a new policy to deal with non-performing assets (NPAs)", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

Sectoral indices led by metal, capital goods, FMCG, IT, teck, auto, power and realty were trading in the negative zone, falling by up to 1.45 per cent.

Grab your avocados - there could be a shortage on the way
USA restaurant chain Chipotle Mexican Grill Inc. said earlier this week the shortage of avocados is putting pressure on costs. A 10kg (22lb) box of Hass avocados from Mexico's biggest producer, the state of Michoacan, now costs a whopping $27.89.

The Executive Order on the NPA policy has been sent to the President and it is expected to get the nod from him tonight.

BSE Mid-cap index closed lower by 1.09% at 14,718.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold stocks worth Rs 363.98 crore while domestic institutional investors (DIIs) purchased scrip worth Rs 298.11 crore. The Bloomberg Commodity Index rebounded from yesterday's lowest level in more than seven months. The bank shed 4.21% to close at Rs 187.50 with volumes of over 2.7 crore shares.

However, Tata Motors fell 2.27 percent, ONGC 1.15 percent, M&M 0.89 percent, Cipla 0.84 percent, Reliance 0.84 percent and TCS 0.44 percent.

Major Sensex gainers on Friday were: Adani Ports, up 1.56 per cent at Rs 344.90; Asian Paints, up 1.40 per cent at Rs 1,146.20; ICICI Bank, up 0.20 per cent at Rs 298.55; and Maruti Suzuki, up 0.17 per cent at Rs 6,648.15. Stock markets in Japan and South Korea remained shut due to public holidays. Oil and gas producers also retreated.

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