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sensex: Sensex drops 355 pts to take losing streak to 3rd day; Asian Paints jumps 6%

sensex: Sensex drops 355 pts to take losing streak to 3rd day; Asian Paints jumps 6%
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sensex and nifty today: Sensex tanks, Nifty slips below 15,800: Key factors hurting market today


How are the bluechips doing?
After opening in the red, benchmark indices extended the fall. At 02.20 pm, BSE flagship Sensex was down 626 points or 1.18 per cent to 52,513.57. NSE benchmark Nifty dropped 182 points or 1.15 per cent to 15,740.45.
In the 50-share pack Nifty, BPCL was the biggest gainer, up 1.31 per cent. Divi s Lab, NTPC, Tata Consumers,
Nestle, Britannia and L&T were among other gainers.
HDFC Bank was the top loser in the pack, down 3.44 per cent.
IndusInd Bank, Adani Ports, HDFC, Axis Bank, HDFC Life and Hindalco were other losers in the pack.
FACTORS DRIVING MARKETS
Bad news:
Economic recovery falters: Global economic growth is beginning to show signs of fatigue. Economists at Bank of America downgraded their forecast for US economic growth to 6.5 per cent this year, from 7 per cent previously, but maintained their 5.5 per cent forecast for next year. ....

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