Sensex falls over 150 pts, Nifty slips below 10,300
Mumbai, Oct 8 : The BSE Sensex fell over 150 points and the NSE Nifty dropped below the 10,300-level in early trade Monday on unabated foreign fund outflow amid weak Asian cues and the weakness in rupee.
Falling for the fourth straight session, the BSE 30-share barometer fell 169.20 points, or 0.53 per cent, to 34,207.79 after hitting a low of 34,106.24.
The gauge had plunged by 2,149.15 points in the previous three sessions.
Sectoral indices, led by metal, realty, consumer durables, capital goods, healthcare, auto, FMCG, power and teck, were trading in the negative terrain, falling up to 3.38 per cent.
The NSE Nifty fell 88.85 points, or 0.86 per cent, to 10,227.60.
Top laggards include Vedanta, Tata Steel, Adani Ports, HDFC, Wipro, L&T, RIL, Bajaj Auto, ITC, Maruti Suzuki, HUL, Sun Pharma, ICICI Bank, TCS, Bharti Airtel, IndusInd Bank, M&M and Axis Bank, dropping by up to 6.58 per cent.
However, Yes Bank, Coal India, SBI, ONGC, PowerGrid and Kotak Bank were trading in the green on value buying.
Foreign funds sold shares worth a net of Rs 3,370.14 crore, while domestic institutional investors bought equities worth Rs 1,902.07 crore Friday, provisional data showed.
Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital market in the last four trading sessions.
Brokers said besides unabated foreign fund outflows, losses at other Asian markets, led by China and Friday's losses in the US market, dampened trading sentiments here.
Hong Kong's Hang Seng fell 0.87 per cent, while Taiwan TSEC index shed 0.78 per cent in their late morning deals. Shanghai Composite Index fell 2.95 per cent. Japanese markets are closed Monday for a public holiday.
The US Dow Jones Industrial Average ended 0.68 per cent down on Friday.
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Congress targets Maharashtra govt over acid attack on minor girl
Mumbai, Mar 18 (PTI): An alleged acid attack on a Class 6 girl student in Sangamner prompted the Congress to slam the Maharashtra government in the legislative assembly on Wednesday, alleging deterioration in law and order in the state.
Calling the alleged incident in Ahilyanagar district “extremely disturbing”, Congress legislature party leader Vijay Wadettiwar accused the government of failing to curb crimes against women and minor girls.
Raising the issue through an adjournment motion, Wadettiwar demanded an immediate discussion, claiming that the minor is in a serious condition and the accused are yet to be arrested.
He questioned how the accused managed to flee after committing such a serious offence. The Congress leader also criticised the functioning of the local police, alleging inefficiency and corruption, and said such lapses embolden criminals.
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Wadettiwar further claimed that incidents of atrocities against minor girls have increased in the state, and the government has failed to take effective action.
Speaker Rahul Narwekar took note of the issue and directed the government to present a detailed statement in the house on the incident at the earliest.
Congress member Nana Patole demanded that the girl be brought to Mumbai and given better medical care for free.
He said the girl has suffered serious facial injuries that could affect her future. The incident reflects poorly on the administration, he said.
Failure to apprehend the culprit has heightened anxiety among citizens and the victim’s family, he added.
