Indian Markets Plunge; BSE Sensex Down Over 300 Points


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Indian stock markets were trading lower on Monday. The S&P BSE Sensex dropped 303 points, or 1.14 percent at 25,846. The 30-share index touched a high of 26,270.28 in morning trade. The Nifty50 fell 1.32 percent to 7967.50, after touching a high of 8,102.45 in morning trade.

The Indian rupee was trading almost flat at 68.13 versus the U.S. dollar on Monday.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) fell 1.15 percent to close at $42.25 on Friday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) dropped 0.11 percent to close at $18.83.


US stock markets closed lower overnight, with the Dow Jones Industrial Average dropping 0.19 percent, the S&P500 index declining 0.24 per cent, and the Nasdaq Composite falling 0.23 percent.

US WTI crude futures on the NYMEX gained 0.80 percent to trade at $46.73 per barrel.

Top market movers among the BSE index are as follows

Elixir Capital Ltd. rose about 17 percent to 45.95 INR.
Pankaj Piyush Trade & Investment Ltd. rose 13 percent to 55.75 INR.
Krypton Industries Ltd. shares surged 13 percent to 15.50 INR.
Mawana Sugars Ltd. shares gained around 13 percent to 48.25 INR.

 

ACI Infocom Ltd. shares dropped around 18 percent to 6.06 INR.
Delta Industrial Resources Ltd. fell around 12 percent to 44.00 INR.
Sadhana Nitro Chem Ltd. slipped 12 percent to 22.45 INR.
Jetking Infotrain Ltd. shares declined 12 percent to 42.00 INR.

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