Sensex slide continues

MUMBAI, AUG 8: Industrials remained weak on the Bombay Stock Exchange (BSE) due to lack of speculative support in view of end-account consi...

MUMBAI, AUG 8: Industrials remained weak on the Bombay Stock Exchange (BSE) due to lack of speculative support in view of end-account considerations and absence of institutional buying. The sensex dropped below the 4,400 mark.

The BSE-sensitive index opened at 4460.23, touched the day’s high of 4467.18, declined to the day’s low of 4373.20 and later closed at 4397.54, showing a net loss of 49.52 points over the previous close of 4447.06. The BSE-100 index moved down by 23.43 points to 1914.02 over the previous close of 1937.45.

Brokers said apart from end of the settlement, the sentiment was also affected on account of limited buying by foreign institutional investors (FIIs). FIIs buying was mainly in pivotals like Reliance, IDBI and Tata Tea.

Story continues below this ad

The total turnover dropped further to Rs 1027.31 crore. Reliance remained top with a turnover of Rs 210.85 crore, followed by ITC ofRs 159.56 crore, SBI of Rs 131.13 crore, Tisco of Rs 94.91 crore and Tata Tea of Rs 75.95 crore. Reliance moved up further by Rs 1.50 to Rs 371, Tata Tea by Rs 21.25 to Rs 469 and ITC R s8.25 at Rs 582.25 on buying support. SBI lost by Rs 1.50 to Rs 325.50 and Tisco by Rs 5.75 to Rs 210.50 on selling pressure.

On the National Stock Exchange (NSE), shares prices declined further on increased selling pressure and closed with widespread losses. The NSE-50 index closed at 1256.95, showing a loss of 12.70 points. The Midcap also finished at 1360.10, displaying a fall of 13.55 points. The turnover declined to Rs 1313.56 crore from Rs 2078.72 crore.

H-1B visa fee hike, US H-1B visa policy, $100000 H-1B visa fee, India response to H-1B fee, humanitarian impact H-1B visa, Indian government on H-1B, Randhir Jaiswal H-1B statement, Indian IT companies H-1B visas, Infosys H-1B approvals, TCS H-1B visa employees, Wipro H-1B visa applications, HCL H-1B workforce, US visa restrictions 2025, H-1B visa deadline September 21, Microsoft H-1B travel advisory, Amazon H-1B visa holders, JP Morgan H-1B guidance, H-1B visa program abuse, Indian skilled workers in US, USCIS H-1B data 2023

‘I don’t know what awaits me in the US’: The lives upended by Trump’s H-1B proclamation

India9 hr ago

The recent imposition of a $100,000 fee on H-1B visas by Trump has caused chaos and uncertainty for Indian families in Dubai, leading many to rush back to the US. This has particularly affected Telugu-speaking Indians, with the Telangana IT Minister seeking intervention from the Centre.

View all shorts

Live Blog