BUSINESS

Sensex tanks over 1,000 pts on outmoded world cues; Nifty below 15,950; ITC rises submit stellar Q4 point to

Dalal Avenue shares sank on Thursday morning, as concerns over high inflation eating into company profitability renewed selling strain on Wall Avenue in a single day, sending Asia deep in the red. Broken-down quarterly results in utterly different places, including that of web giant Tencent in China, added gasoline to the fireplace. At 9.20 am, the BSE Sensex used to be trading 1,059.69 components or 1.95 per cent decrease at 53,148.84. The index fell 1,155 components in early commerce to hit a low of 53,053.75. Nifty50 used to be trading at 15,926.25, down 314 components or 1.93 per cent. Midcap and smallcap indices fell as a lot as 2.6 per cent.

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