{"id":95884,"date":"2018-10-23T05:47:39","date_gmt":"2018-10-23T05:47:39","guid":{"rendered":"http:\/\/www.bnreport.com\/sensex-falls-200-points-nifty50-below-10200-asian-paints-cracks-6\/"},"modified":"2018-10-23T05:47:39","modified_gmt":"2018-10-23T05:47:39","slug":"sensex-falls-200-points-nifty50-below-10200-asian-paints-cracks-6","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/sensex-falls-200-points-nifty50-below-10200-asian-paints-cracks-6\/","title":{"rendered":"Sensex falls 200 points, Nifty50 below 10,200; Asian Paints cracks 6%"},"content":{"rendered":"

NEW DELHI: Domestic equity benchmarks registered a gap-down opening on Tuesday as the 30-share Sensex<\/a> plunged 274 points and Nifty<\/a> touched 10,152 in early trade tracking weakness in Asian peers and rupee's fresh fall against the US dollar. <\/p>\n

Asian shares edged lower on Tuesday as earnings season nerves in the US dented Wall Street, while a cocktail of negative factors from Saudi Arabias diplomatic isolation to concerns over Italys budget and Brexit talks depressed sentiment, Reuters reported. <\/p>\n

The rupee opened 14 paise lower at 73.70 against the US dollar on Tuesday due to the strengthening of the American currency. <\/p>\n

On the macroeconomic front, oil prices steadied in the international market and dollar gained against its major peers. <\/p>\n

The NSE Nifty index was trading 59 points down at 10,187, while the BSE Sensex was down 177 points at 33,957 around 09:25 am. <\/p>\n

In the 30-share Sensex, only seven stocks \u2013 IndusInd Bank<\/a>, Adani Ports, Tata Motors, HDFC, Coal India, PowerGrid and Axis Bank \u2013 were in the green zone. <\/p>\n

Asian Paints, losing nearly 6 per cent, was leading among the Sensex losers. <\/p>\n

The company posted on Monday a 14.4 per cent fall in second quarter profit, which missed analysts' estimates, hurt by higher expenses. Net profit fell to Rs 493 crore ($67.02 million) in September quarter from Rs 576 crore a year earlier, the company said in a statement. <\/p>\n

ONGC, Reliance Industries<\/a>, ITC, Kotak Mahindra Bank<\/a> and Hindustan Unilever<\/a> also featured among the top losers in the Sensex index. <\/p>\n

Midcaps and smallcaps, too, fell in line with Sensex. The BSE Midcap and Smallcap index were down by 0.51 per cent and 0.64 per cent around that time. <\/p>\n

Selling engulfed all sectors on BSE. Oil & gas, energy and FMCG were the worst hit sectors, falling up to 1.80 per cent. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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