Wall Street off by more than 1%, BSE reflects impact too

Q.  In a major impact on world markets, Dow Jones industrial average was down by how much?
- Published on 12 Feb 16

a. 300.3 points
b. 1.89 percent
c. 1.67percent
d. Both a and b

ANSWER: Both a and b
Wall Street fell by more than 1 percent on 11th February 2016 pushing the S&P 500 and Down Jones Industrial average down 10 percent for the year. Major S&P financials were in the red especially banks and the financial sector dropped by 2.71%. Janet Yellen, the Fed Reserve Chairman indicated tightening financial conditions were on account of a less than robust international economy and steep fall in US equity markets. The S&P 500 was down 29.18 points, or 1.58 per cent, at 1,822.68 and the Nasdaq Composite index was down 50.14 points, or 1.17 per cent, at 4,233.45. Benchmark BSE Sensex plunged by 148 points when the NSE Nifty fell below the 7200 mark in early trade on 11th February through sustained selling by funds and retail investors amid weak Asian cues. The index traded down by 148.20 points or 0.62 per cent at 23,610.70 with all sectoral indices led by metal, capital goods, banking and realty leading the fall. Sensex has fallen by as much as 858 points in the past three days while NSE Nifty fell below 7200 mark by falling 29.50 points or 0.40 per cent to 7,186.20. Hong Kong’s Hang Sen also slumped while Chinese and Japanese markets remained closed for public holidays.

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