Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / Crisis in Japan spooks Indian stocks
BackBack

Crisis in Japan spooks Indian stocks

Crisis in Japan spooks Indian stocks

Premium

New Delhi: Japan appears to have an impact after all. Tracking the slump in Asian markets, Indian stocks corrected sharply in morning deals on concerns that the blasts in Fukushima Daiichi nuclear plant will worsen the situation in Japan. This spooked investors across Asia who are already worried about simmering tensions in the Middle East.

Sensex: 18,060, –2%

Nifty: 5,417, –2.1%

Nikkei: 8,319,–13%

Hang Seng: 22,449, –3.8%

All sectoral indices are trading in losses. Real estate index BSE Realty lost the most on worries that rising interest rates in the domestic markets will impact home sales. Inflation in February rose higher than expectations.

BSE Realty: 2,059, –2.8%

BSE Metal: 15,309, –2.3%

BSE Power: 2,526 –2.3%

BSE IT: 6,101, –2.2%

BSE Auto: 8,631, –2.2%

With earnings downgrades deepening and an expected rate hike on Thursday, things look tough in the near term.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 15 Mar 2011, 10:41 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App