11 March 2011

Japanese quake: Nifty trembling

The benchmark Sensex shed more than 150 points amid a choppy trade at 12:20 hours after an earthquake in Japan. The 50-share NSE Nifty too touched the 5450 level, dragged down by technology, metal, auto (except Hero Honda) and financial stocks. BHEL, Bharti and Reliance Industries too were down.

According to Reuters, an earthquake measuring 7.9 struck off the northeast coast of Japan on Friday, shaking buildings in the capital Tokyo and triggering a 6-metre tsunami warning, NHK reported. Japan's Nikkei tanked 1.7%.

There was a fire in Tokyo's Odaiba area near port post earthquake. Tsunami of 4-metre too has hit pacific coast of Japan. Tokyo's Narita airport is shut. Two nuclear plants in Japan are also shut down automatically. Bank of Japan said would do utmost to ensure financial market stability.

The 30-share BSE Sensex was trading at 18,174, down 154 points and the 50-share NSE Nifty fell 48 points to 5,446. Among other Asian markets - Straits Times, Kospi and Hang Seng tanked over 1%.

About 1079 shares advanced as against 1488 shares declined on the Bombay Stock Exchange.

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