Rs 1.24 cr gone in a day! Here's why Sensex plunged 371 points

ET Markets Daily Brief | Mon, Mar 28, 2016 | 05:42 PM IST Follow ET Markets

Sensex snaps four-day winning streak; three reasons why it plunged 371 points The BSE Sensex plunged 371 points, or 1.46%, to close the day at below the 25,000-mark at 24,966. The BSE benchmark slipped below its 100-day moving average. Eye on Rajan! Why a 50 bps rate cut by RBI might not fuel market rally The market has already factored in a 25 bps rate cut, but even if RBI slashes rates by 50 bps, it will be a big positive but may not trigger a rally in stocks. Rain God likely to smile on FMCG, consumer discretionary stocks Consumption stocks could drive market in coming days if the Skymet Weather Services' preliminary projection of a normal monsoon this year were to come true.

Interview One to One If oil perks up a little bit, good monsoon will ensure that the food inflation remains within check... DK Joshi ,Director & Chief Economist,CRISIL

Market Watch 28 Mar | 05:42PM| SENSEX NIFTY USD/INR GOLD 24966.40 ↓-371.16 7615.10 ↓-101.40 66.57 ↓-0.07 28446.00 ↓-153.00

Gainers Losers 28 Mar, 2016, 05:42PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Crest Ventures Ltd. 44.45 19.97 277554 44.45 37.00 Standard Batteries Ltd. 10.00 19.47 6801 10.00 8.90 7Seas Entertainment Ltd. 17.80 18.67 3700 17.80 15.42

Tweet of the day... Tech charts show these nine stocks can be good bets over next 12 months

FROM THE NEWSPAPER

Waiting for capex: After unforgettable FY2016, capital goods may emerge next big story BSE Capital Goods index has lost 23% of its value since the beginning of the financial year with many of its constituents plunging up to 71% in the period. Recent bounce in stocks has no basis; 3 triggers that can kick off a bull run The bulls are trudging along the pavement of D-Street again. The rally so far in March has seen the equity benchmark surge 11% since the Union Budget. High interest rates will make Indian economy sluggish: Arun Jaitley "Where in the world you get 12.5 per cent return of interest? So if deposit rates become 12.5 per cent, then what should lending rates be, 14 to 15 per cent?" Government targeting to mop up Rs 5,000 crore through unlisted PSUs like HAL, Ireda this week With two stake sales — Concor and Engineers India — during the current quarter, the government has garnered Rs 19,500 crore so far this fiscal. One-fourth of Sensex stocks see sharp turnaround in fortunes after March rally The March rally has seen Tata Steel, Vedanta, Hero MotoCorp and five others turn in positive returns for the year outperforming their benchmark index.

MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

View All

Follow ET Markets

About us|Advertise with us|Terms of Use|Privacy Policy|Feedback|Sitemap|Code of Ethics © 2016 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here