Sensex, Nifty plunge 1.5%; ICICI, L&T, Axis Bank, ONGC drag -- 27 July 2015

Shares of ICICI Bank, L&T, Axis Bank, Tata Motors, Bharti Airtel, ONGC, Bharti Airtel, Tata Steel, Hindalco, Hero Motocorp and Vedanta plunged 2.5-5 percent.


                             

Equity benchmarks continued to see selling pressure, heading towards weak closing for the third consecutive session. The Sensex plunged 429.37 points or 1.53 percent to 27682.94 and the Nifty fell 123.60 points or 1.45 percent to 8397.95 as China's crash and P-Note concerns weighed. Global markets tumbled today with the shanghai closing down more than 8 percent on the back of growth worries as industrial profits declined 0.3 percent Y-o-Y in June. Hang Seng lost more than 750 points while in commodities, oil prices fell further on oversupply worries. The rupee slipped to 6-week low against the dollar at 64.06 as traders avoided taking large positions ahead of Fed Reserve meeting later this week. Most of asian currencies are trading lower. Shares of ICICI Bank, L&T, Axis Bank, Tata Motors, Bharti Airtel, ONGC, Bharti Airtel, Tata Steel, Hindalco, Hero Motocorp and Vedanta plunged 2.5-5 percent.

For More Detail Visiit Our SIte -- http://www.allianceresearch.in/