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.

Hyderabad braces for Telangana million march

  • IANS, Hyderabad
  • |
  • Updated: Mar 09, 2011 18:18 IST

The stage is set for a possible showdown between police and Telangana protesters in Hyderabad on Thursday as the Telangana Joint Action Committee (TJAC) has vowed to go ahead with the million march despite ban orders.

In an attempt to foil the march and to prevent people from reaching Hyderabad, police in Telangana districts on Wednesday took a large number of activists into preventive custody.

As the police have denied permission to TJAC for the million march, barricades have been put up in nine districts and on the outskirts of Hyderabad to prevent activists joining the protest.

The TJAC, which comprises Telangana Rashtra Samithi (TRS), Bharatiya Janata Party (BJP) and other groups fighting for separate Telangana state, has decided to hold the march of a million supporters to demand a bill in parliament for the creation of the state.

Telangana leaders of the ruling Congress party and main opposition Telugu Desam Party (TDP) are backing the march.

The Telangana Praja Front of Maoist sympathiser Gaddar, students' groups and lawyers' organisations have also announced support.

Police in Nizamabad, Warangal, Adilabad, Karimnagar, Medak and other districts have arrested scores of TJAC activists heading to Hyderabad to participate in the march.

Prohibitory orders banning the assembly of four or more persons have been imposed in Hyderabad and Cyberabad police commissionerates.

Additional forces, including the central paramilitary troops, were deployed in the city to maintain law and order and provide security to IT companies.

Police have also imposed traffic restrictions on Tank Bund, the venue of the march, and surrounding areas.

As the state assembly is in session, security was also beefed up at the assembly building and also at other vital installations.

Hyderabad police commissioner AK Khan told reporters that permission was not given for the march as it would throw traffic out of gear and cause inconvenience to people.

But the TJAC maintains that the march needs no permission as it would be a peaceful programme.

It has already scaled down the march plans in view of the ongoing intermediate examinations.

The organisers, who earlier planned to bring the city to a halt through a day-long protest, now want to take out two rallies one each from the Jubilee Bus Station and Sundarayya Vignana Kendra to Tank Bund.

The protesters will stage a sit-in for three hours from 1 pm to draw the attention of the central government to their demand.

TJAC chairman M. Kodandaram has condemned large-scale arrests in the Telangana districts.

"People can protest in Egypt and Tunisia but not in Hyderabad," he asked.

Andhra Pradesh High Court on Tuesday declined to pass any orders to stop the march.

On a petition by the organisers, the state human rights commission Wednesday directed police not to violate human rights while taking steps to foil the march.

A group of TDP legislators also met Chief Minister N Kiran Kumar Reddy, urging him to ask police not to carry out arrests or suppress the peaceful protest.

 

also read

Million march for Telangana shuts down Hyderabad

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