Sensex Crashes 608 Points After BJP's Defeat In Bihar Polls

09/11/2015 11:19 AM IST | Updated 15/07/2016 8:25 AM IST
Hindustan Times via Getty Images
MUMBAI, INDIA - AUGUST 24: People walk outside the Bombay Stock Exchange on August 24, 2015 in Mumbai, India. Sensex crashed over 1700 points or 6.22 per cent in pre-close trade with the investor wealth down by over Rs. 7 lakh crore with nearly Rs. 4 lakh crore lost in an hour. (Photo by Kunal Patil/Hindustan Times via Getty Images)

MUMBAI -- The benchmark Bombay Stock Exchange (BSE) Sensex cracked below the 26,000-mark by plunging over 608 points and the National Stock Exchange (NSE) Nifty dipped below 7,800-level in opening trade today on major sell-off by participants following the BJP-led NDA's defeat in Bihar assembly polls.

Besides, lower-than-expected quarterly earnings by some more bluechip companies dampened trading sentiments.

Falling for the fourth straight session, the 30-share index dipped below the crucial 26,000-level by tumbling 608.34 points, or 2.31 per cent, to 25,656.90.

The gauge had cumulatively lost 325.35 points in previous three days.

On similar lines, the National Stock Exchange Nifty slipped below the 7,800-level by losing 180.55 points, or 2.26 per cent, to 7,773.75.

All the sectoral indices, led by healthcare, realty and capital goods, were trading in the negative zone with losses up to 3.38 per cent.

Brokers said sentiments turned distinctly weak following defeat of the BJP-led NDA in the Bihar assembly polls which would negatively impact reforms drive, triggering all-round selling.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.27 per cent, while Japan's Nikkei gained 2.14 per cent in morning trade.

The US Dow Jones Industrial Average ended 0.26 per cent higher in Friday's trade.

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