Sensex crashes over 1,000 pts on global sell-off
Mumbai, Oct 11: Benchmark BSE Sensex Thursday crashed over 1,030 points to slip below the key 34,000-mark in early trade, tracking a global sell-off as the rupee hit yet another record low of 74.45 against the US dollar.
Traders attributed the carnage in domestic bourses to the sell-off in international bourses after US stocks tumbled on heavy correction in tech stocks, fresh concerns over Fed rate hike and looming impact of the US' trade war with the China.
Rising 10-year US treasury bonds, jumping above 3 per cent last week and the International Monetary Fund (IMF) slashing its global growth forecast and weakness in emerging markets, too spooked investors.
The 30-share BSE Sensex, which had gained 461.42 points Wednesday, slipped below the 34,000-mark by crashing 1,030.40 points, or 2.95 per cent, to 33,730.49 in opening trade.
The broader Nifty slipped below the 10,200-mark by tumbling 281.70 points, or 2.69 per cent, to 10,178.70.
Widespread selling pulled down all sectoral indices led by realty, IT, metal and banking, that fell up to 3.66 per cent.
Top laggards include SBI, Tata Steel, Infosys, Axis Bank, Bharti Airtel, Yes Bank, Maruti Suzuki, HUL, TCS, HDFC, ICICI Bank, Adani Ports, Wipro, Tata Motors, ITC, Coal India, Bajaj Auto, L&T, Sun Pharma IndusInd Bank and M&M, dropping up to 3.99 per cent
In the forex market, the rupee slumped by 24 paise to an all-time low of 74.45 against the dollar due to heavy demand for the US currency from importers.
Foreign portfolio investors sold shares worth a net of Rs 1,096 crore Wednesday, provisional data showed.
Elsewhere in Asia, Japan's Nikkei plunged 3.41 per cent, Hong Kong's Hang Seng lost 3.53 per cent, Singapore exchange was down 2.64 per cent and the Korean bourse fell 2.28 per cent in late morning deals.
The US Dow Jones Industrial Average slumped 3.15 per cent Wednesday, its biggest fall since February.
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Army JCO killed leading counter-infiltration operation along LoC in Jammu
Jammu, Apr 12 (PTI): An army Junior Commissioned Officer (JCO) was killed in an encounter with suspected terrorists along the Line of Control (LoC) in the Akhnoor sector, but thwarted their attempt to infiltrate into India from across the border, officials said on Saturday.
The suspected terrorists are believed to have sneaked back into Pakistan-occupied Kashmir (PoK) following the intense gunfight in the Keri Bhattal area, the officials said.
The Army said the slain officer, Subedar Kuldeep Chand of 9-Punjab, was a resident of Himachal Pradesh.
"GOC (General Officer Commanding) White Knight Corps (Lt Gen P K Mishra) and all ranks salute the supreme sacrifice of braveheart Sub Kuldeep Chand of 9 PUNJAB. He laid down his life while gallantly leading a counter-infiltration operation along the LoC in the Keri Battal area of Sunderbani on the night of 11 Apr 2025.
"His team's valour and Sub Kuldeep's ultimate sacrifice foiled an infiltration attempt by terrorists. We stand in solidarity with the bereaved family in this hour of grief," the Jammu-based White Knight Corps, also known as XVI corps, posted on X.
Officials said the alert troops picked up the movement of a group of heavily armed terrorists near a stream in a forward forest setting in the Keri Bhattal area late Friday night, and challenged them, leading to a fierce gunfight which continued for quite some time.
Subedar Kuldeep Chand was injured in the encounter and later succumbed, the officials said, adding the whole area has been cordoned off with deployment of reinforcements, and a search operation was underway when last reports were received.
In the same area on February 11, two Army personnel, including a captain, were killed and another was injured when terrorists set off an Improvised Explosive Device (IED).
The latest incident comes two days after India and Pakistan held a brigade commander-level flag meeting in Jammu and Kashmir's Poonch district to discuss issues related to border management.
This was the second such meeting since February in an effort to de-escalate tension after nearly a dozen incidents of cross-border firing, and an IED attack.
The Indian Army lodged a strong protest with their counterparts over the cross-border terror activities and the ceasefire violations.
Ceasefire violations along the LoC have become rare since India and Pakistan renewed their ceasefire agreement on February 25, 2021.
On April 5, Border Security Force (BSF) personnel shot dead a Pakistani intruder along the International Border in the R S Pura sector here and later held a flag meeting with Rangers over the incident.
#GOC #WhiteKnightCorps and all ranks salute the supreme sacrifice of #Braveheart Sub Kuldeep Chand of 9 PUNJAB. He laid down his life while gallantly leading a #CounterInfiltration operation along the #LineofControl in the #Keri-#Battal area of #Sunderbani on the night of 11 Apr… pic.twitter.com/y6MmMcfTN9
— White Knight Corps (@Whiteknight_IA) April 12, 2025
