DSIJ Mindshare

Indian equity markets were in a sea of red on Thursday as markets failed to get any relief from the government with regards to the FPI surcharge. The benchmark index BSE Sensex lost 587.44 points to close at 36,472.93, down by 1.59 per cent. The Nifty50 closed at 10,737.75, down by 180.95 points or 1.67 per cent as bears were in action throughout the day.

Shares of NMDC tumbled over 8 per cent to touch a new 52-week low on Thursday after the company announced Rs. 200 per ton cut in iron ore lump and fines prices.

ED and CID are investigating alleged irregularities in Foreign Investment Promotion Board (FIPB) approvals given by former Finance Minister P Chidambaram. The stock of United Spirits Limited experienced volatility due its parent company's link to the case. 

The markets on August 22, 2019 opened gap down. BSE Sensex is trading at 36,804.33, down by 256.04 points and the Nifty is trading at 10,834.45, down by 84.25 points.