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BSE,NIFTY drop to 20-month low

BSE,NIFTY drop to 20-month low

India Blooms News Service | | 18 Jan 2016, 04:35 pm
Mumbai, Jan 18 (IBNS): The Indian share market ended Monday on a subdued note with the benchmark indices, BSE Sensex and NSE Nifty, touching their lowest points in almost 20-months.

The BSE Sensex closed at 24188.37 (down 266.67 points) and the Nifty at 7351 (down 86.80 points).

When the Indian market opened for business on Monday morning, the Asian markets were already down.

Over the weekend, the European oil embargo on the world’s seventh-largest oil producer, Iran, ended after the nuclear deal between Iran, the US and five other world powers took effect. It is expected that the move will end in supply outstripping demand and that oil prices will remain weak.

Shares of Reliance Industries Ltd dipped ahead of the company's expected earnings release on January 18.

On Monday, Bajaj Auto, Cipla, L&T and SBI were the major losers while BHEL, Tata Steel, Adani Ports, TCS and HUL were the top gainers.

 

Image: Wikimedia Commons

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