Markets jittery; Nifty tanks 92 pts

Nervousness and risk-aversion dominated investor sentiments as a wave of panic selling across the board pulled down the benchmark S&P CNX Nifty to an 18-month low of 4,748 at the National Stock Exchange today.

Nervousness and risk-aversion dominated investor sentiments as a wave of panic selling across the board pulled down the benchmark S&P CNX Nifty to an 18-month low of 4,748 at the National Stock Exchange today.

The 50-share index swung widely between a high of 4,872.00 and a low of 4,720.00 before ending at 4,747.80,a sharp fall of 91.80 points,or 1.90 per cent,over its last close.

The market opened on a listless note in the absence of any supportive cues and overnight fall in the US markets. It traded mostly in narrow range till mid-afternoon.

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Selling pressure escalated during the final hour of the trade amidst volatility with the key index witnessing heavy offloading from frontline counters along with oil & gas,banking,FMCG,capital goods,pharma and auto scrips.

“Traders are extremely cautious ahead of US Federal meet on another round of quantitative easing later today,” market players said. “FIIs are now leading from the front as sellers,which too is affecting the market.”

Reliance Capital,RCom,JP Associates,Reliance Infra,DLF,Sesa Goa,PNB,RPower,Tata Steel and RIL were the top losers from the Nifty bunch.

However,auto giants Hero MotoCorp,M&M and IT major infosys managed to end with gains.

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Turnover in cash segment dropped to Rs 10,267.59 crore from Rs 13,387.74 crore yesterday. A total of 5,941.39 lakh shares changed hands in 57,95,354 trades. The market capitalisation stood at Rs 56,77,321 crore.

The theft prompted an immediate shutdown of the Louvre museum in Paris. (Pixabay)

Louvre Museum in Paris shut after thieves armed with chainsaws loot Napoleon-era jewels

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Thieves armed with chainsaws stole nine pieces of jewelry, including items belonging to Napoleon and Empress Joséphine, from the Louvre Museum. The museum was immediately shut down and a police investigation is underway. French Culture Minister Rachida Dati confirmed the incident and the Louvre remains closed. The robbers used a freight elevator and broke through glass displays.

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