Zee Media Bureau
In a volatile market, the benchmark BSE Sensex washed out initial gains and was quoted lower by over 200 points in mid-session trade Thursday due to fresh selling pressure on the back of fresh foreign capital outflows.
Foreign portfolio investors net sold shares worth Rs 934.98 crore yesterday, according to provisional data.
The Sensex resumed higher at 27,619.31 and firmed up to a high of 27,666.37 on initial buying on the back of overnight gains in the US market.
However, it tumbled immediately to 27,359.76, a loss of 204.90 points, or 0.74 percent, from its last close.
The 50-share Nifty also moved down 62.35 points, or 0.75 percent, to 8,272.25.
Among other Asian markets, Chinese stocks plunged 6.50 percent today on concerns over tight liquidity and stricter requirements for margin trading, dealers said.
The benchmark Shanghai Composite Index slumped 321.44 points to 4,620.27 on record turnover of 1.2 trillion yuan (USD 196 billion).
The Shenzhen Composite Index, which tracks stocks on China`s second exchange, tumbled 5.52 percent, or 161.09 points, to 2,756.93 on turnover of 1.1 trillion yuan.
With Agency Inputs
