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Sensex wipes off 2018 gains

DNMUM423950 | 10/12/2018 | Author : Ahana Chatterjee | WC :645

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Index sheds 759 points following a big overnight drop in Dow Jones, Nifty falls 225 points

Mumbai: Forecasts of a volatile ride at the start of the year are turning out to be true as a Wall Street sneeze on Wednesday saw indices world over catching cold.
Sensex opened over 1,000 points down below 34000-mark on Thursday, spooked by the overnight 3.15% drop in Dow Jones Industrial Average in the US.
The 30-share benchmark wiped off all the gains it made in 2018 and closed just above 34000, tumbling 760 points on Thursday. The rupee touched the lifetime low of 74.45 against US dollar during the intra-day trade, before closing at 74.13, a gain of nine paise from its previous close of 74.22 as the Brent crude fell 1.78% to $81.61 per barrel.
Sensex dropped to a low of 33725.28 and closed at 34001.15, 759.74 points, o
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