The benchmark BSE Sensex plummeted by 562.88 points on Friday to hit nearly 14-month low of 25,201.90 amid heavy selling in global equities ahead of the US jobs report.

    Friday's closing was the lowest level since July 14, 2014 when the index had closed at 25,006.98.

    Experts say a strong non-farm payrolls data is expected to allow Federal Reserve to consider a September rate hike.

    "The global risk is getting highlighted with the focus mounting on the prospects of a US rate hike soon," said Vinod Nair,  head - fundamental research at Geojit BNP Paribas Financial.

    Fresh weakness in the rupee against dollar also weighed.

    On a weekly basis, the Sensex lost 1,190.48 points or 4.51% and Nifty fell 346.90 points or 4.33%. This is the fourth straight weekly plunge for both the indices.

    On the day, the NSE Nifty also cracked the 7,700-level.

    Gaurav Jain, director of Hem Securities, blamed continued selling pressure by the foreign investors, weakness in rupee and global jitters for the sell-off.

    The 30-share index stayed in the negative zone for most part of the day and touched a low of 25,119.06 before ending at 25,201.90, a steep fall of 562.88 points or 2.18%.

    The gauge had gained 311.22 points in Thursday's trade.

    The broader NSE Nifty also succumbed to all-round selling and slipped below the crucial 7,700-mark to settle the session 167.95 points or 2.15% down at 7,655.05.

    In broader markets, small-cap and mid-cap indices closed lower by 2.47% and 1.90%, respectively.

    Vedanta was the top Sensex loser, tumbling 4.84%, followed by GAIL 4.73%.

    Out of 30-share Sensex pack, 28 fell, while only Bharti Airtel and Coal India managed to buck the trend.

    Sectorally, BSE realty index suffered the most by plunging 3.32%, followed by infra 3.24%, power 3.03%, bankex 2.65%, healthcare 2.42% and IT 2.34%.

    Among other Asian markets, Japan's Nikkei fell 2.15% and Hong Kong's Hang Seng shed 0.45%, while Chinese financial markets remained closed on Friday.

    European markets were also in deep red on anticipations of a strong US jobs data.

Happy new year for AAP: party receives Rs 41 lakh donations on year's first day

  • Darpan Singh, Hindustan Times, New Delhi
  • |
  • Updated: Jan 02, 2014 13:18 IST

The Aam Aadmi Party (AAP) continues to receive donations for the 2014 Lok Sabha elections and since December 12, when the collection started, the party has collected Rs 3.72 crore.

On January 1, the party got Rs 41 lakh from 2,476 donors, highest since December 12. The average collection has been around Rs 17.5 lakh a day.

The donation collection resumed after Arvind Kejriwal urged people to contribute "wholeheartedly" to the party for future electoral battles.

The five-day-old government led by Kejriwal faces the crucial vote of confidence in the Delhi assembly on Thursday which it is expected to sail through with the help of the Congress despite the bitterness between the two parties.

Delhi is vital to AAP's national designs as it can showcase its "achievements" in the Capital during the Lok Sabha elections which are due in April-May. If the government falls, AAP can gain sympathy and shift the blame to the Congress party.

Read: Kejriwal leaves assembly within minutes of taking oath, triggers row

The party had on November 17 stopped asking for donations after its target of Rs 20 crore for the Delhi assembly elections was met. The AAP spent Rs 18.25 crore on the Delhi elections out of Rs 20 crore that it received from 71,616 people and kept a corpus of Rs 1.75 crore.

Maximum donations have come from India followed by the United States, the United Arab Emirates, the United Kingdom, Singapore and Qatar.

Online donations spiked after the party ran an online campaign -- Donate Rs 2014 in the year 2014. About 1,500 such donations have been made so far.

The party has been doing well on other fronts as well.

About four lakh people have either joined the party or become its volunteers online alone since AAP's stunning poll debut on December 8.

It continues to grow on social media platforms too.

Kejriwal now has 1 million followers on Twitter whereas Harsh Vardhan, who was BJP's chief ministerial candidate in the Delhi elections, has about 32,000 followeRs

AAP's Facebook page also has one million likes now.

 

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