Sensex drops below 28k, down 328 pts on sliding exports

August 17, 2015 10:11

The benchmark BSE Sensex tanked over 328 points to slip below the 28,000-level in early trade today as participants indulged in offloading positions amid exports contracted for the eighth straight month by 10.3 per cent in July to USD 23.13 billion.

Besides, profit-booking by participants after recent gains and mixed trend at other Asian bourses, dampened sentiments.

The 30-share barometer slipped below the 28,000-mark by plunging 328.18 points or 1.16 per cent to 27,739.13 in early trade today.

The gauge rose by 555.05 points in last two sessions.

All the sectoral indices led by realty, capital goods and healtchare were trading in negative terrain with losses up to 2.14 per cent.

Also, the NSE Nifty dipped below the 8,500-mark by losing 90.50 points or 1.06 per cent to 8,428.05.

Brokers said apart from profit-taking in recent gainers and a mixed trend at other Asian markets, India's exports contracted for the eighth straight month by 10.3 per cent in July to USD 23.13 billion, pushing the trade deficit to $12.81 billion, dampened sentiments.

« Back to LIVE

TOP STORIES

TMC accuses BJP of staging Sandeshkhali, cites video

The TMC released a video, in which a man, claimed to be a BJP mandal president in Sandeshkhali, was heard saying that leader of the opposition in the West Bengal assembly "Suvendu Adhikari is behind the whole conspiracy".

5 soldiers injured as terrorists attack vehicles in J-K

The attack took place near Shashidhar in the evening when the vehicles were moving towards Sanai Top in the district's Surankote area.

JD-S MLA HD Revanna taken into custody by SIT

The case was registered against Revanna, a former Minister and son of JD-S patriarch and former Prime Minister H D Deve Gowda and his confidant Sathish Babanna in Mysuru on Thursday night for allegedly abducting a woman.

EPL PIX: Arsenal stay in title hunt with home win

IMAGES from Premier League matches played on Saturday.

Supriya Sule vs Sunetra Pawar: Which Pawar will Baramati voters choose

Though the contest is tough in Baramati, Sule has an edge over her rival as the locals may not break the pattern that she is meant for the Lok Sabha and Ajit Pawar for the state assembly, the political analyst felt.