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Sensex falls over 300 points, Nifty slips below 8550 mark amid weak global cues

The Stock Markets Took A Heavy Plunge In Opening Trades On Wednesday Amid Weak Global Cues.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 02 Nov 2016, 09:49:22 AM
Bombay Stock Exchange - File Photo (Getty)

New Delhi:

The stock markets took a heavy plunge in opening trades on Wednesday amid weak global cues.

In the opening deals, Sensex fell 324 points to 27,553 and Nifty declined 103 points to 8,524. State Bank of India, Adani Ports, Bank of Baroda, Yes Bank, Tata Steel, Hindalco, ONGC and ICICI Bank were among the laggards in Nifty.

Selling pressure was visible across the board. Banking, oil & gas, pharma, metal, capital goods, auto and FMCG indices declined over a per cent each.

Asian shares stumbled and the U.S. dollar was on the defensive on Wednesday as signs that Republican U.S. presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors.  

Anxiety in markets has deepened over a possible Trump victory given uncertainty on the Republican candidate's stance on several issues including foreign policy, trade relations and immigrants, while Clinton is viewed as a candidate of the status quo.

The Indian team for the upcoming five match Test series against England shall be picked up by the five national selectors on Wednesday.

With the stupendous performance in the Test series against the Kiwis, the selectors would like to stick to the winning combination against the England.

The squad could be pretty much the same as what featured against the Kiwis in the three match Test series. Veteran seamer Ishant Sharma could make a comeback after being sidelined with injury

So let us have a close look at the cricketers who could make the cut into the Test squad against England


The opening slot looks a bit vulnerable and it would have to be seen as to who do the selectors restore their faith in to do the specialist job .

With seasoned openerShikhar Dhawan nursing an injury, Murali Vijay shall be partnered by upcoming youngster KL Rahul.

Comeback man Gautam Gambhir looked good at the crease and in full control whenever he got an opportunity to bat in the NZ.

KL he has not yet recovered from his hamstring injury "hundred per cent".

The selectors will hope to receive a good report card about Rahul because the Karnataka opener has become adept at opening in all conditions and built a reputation to face the new ball operators with confidence.

The middle order would once again be lead by Virat Kohli who has become the lynchpin of the Indian batting order. Pujara who looked in good touch against the Kiwis would once again look to hold the fort with his solid technique and sound defence. Meanwhile Ajinkya Rahane would add that bit of calming infuence and depth to the middle order.


The pace attack would be bolstered by the return of veteran seamer Ishant Sharma who in all likelihood could be picked . Meanwhile Umesh Yadav and Mohammad Shami would retain their places and would once again be raring to go against the English .Shami and Yadav were consistently among the wickets all through the Kiwi series.Bhuvneshwar Kumar was dealing with a back strain

Ravichandran Ashwin has been India's bowling trump card on sub continent wickets .Ashwin has cast a web around most of the visiting sides with his subtle variations .He has been simply phenomenal and run though batting of visitors. He boasts of a spectacular record at home which is testimony to how lethal he has been .Ashwin has a good partner in leggie Amit Mishra. Mishra adds variety to the attack with le which he bo

Meanwhile Ravinder Jadeja is likely to compliment the spin attack with his left arm arm .

Bengal wicket-keeper batsman Wriddhiman Saha comes back to keep wickets




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First Published : 02 Nov 2016, 09:25:00 AM

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