Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Sensex Down by 11 Points, Nifty Turns Negative on Weak Global Cues

Top losers in the Sensex pack include TCS, HDCF duo, Hero MotoCorp, Maruti, HCL Tech, ITC, ICICI Bank and Vedanta, down up to 1.17 per cent.

PTI

Updated:April 10, 2019, 9:50 AM IST
facebookTwitterskypewhatsapp
Sensex Down by 11 Points, Nifty Turns Negative on Weak Global Cues
Representative image of Sensex.

Mumbai: Domestic equity benchmarks opened on a weak note on Wednesday tracking negative cues from international markets after IMF cut global growth estimate to 3.3 per cent for this year amid geopolitical issues like US-China trade tiff and Brexit.

The BSE Sensex was trading 11.68 points or 0.03 per cent lower at 38,927.54. The gauge had settled 238.69 points, or 0.62 per cent, higher at 38,939.22 in its previous session.

The NSE Nifty was trading flat at 11,671.70 in early session.

Top losers in the Sensex pack include TCS, HDCF duo, Hero MotoCorp, Maruti, HCL Tech, ITC, ICICI Bank and Vedanta, down up to 1.17 per cent.

On the other hand, Coal India, ONGC, Tata Steel, Kotak Bank, HUL, RIL and M&M were the top gainers, rising up to 1.51 per cent.

According to traders, domestic market sentiment turned weak after the International Monetary Fund (IMF), in its World Economic Outlook, once again downgraded global growth to 3.3 per cent for 2019, two tenths lower than the global crisis lender forecast in January and four-tenths lower than October.

The quarterly report "projects a slowdown in growth in 2019 for 70 per cent of the world economy," IMF chief economist Gita Gopinath said in a statement.

As per IMF, while world growth is expected to pick up in the second half of this year and hit 3.6 per cent in 2020, many things will have to go right for that to happen, including a resolution of President Donald Trump's trade battle with China.

Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading in the negative terrain in early trade. Indices on Wall Street too ended in the red on Tuesday.

Meanwhile, foreign institutional investors (FIIs) purchased equity worth Rs 1,212.35 crore on Tuesday, while domestic institutional investors (DIIs) sold equities to the tune of Rs 688.65 crore, provisional data available with stock exchanges showed.

The rupee appreciated 17 paise to 69.12 against the US dollar in early trade.

Brent crude futures, the global oil benchmark, was quoting marginally higher at USD 70.63 per barrel.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
ICICI Lombard 1,207.25 -4.63
Reliance 1,372.35 0.60
BPCL 512.40 4.51
Bajaj Finance 4,016.40 3.53
Indiabulls Hsg 173.05 -8.49
Company Price Change %Gain
ICICI Lombard 1,206.75 -4.77
Indiabulls Hsg 172.90 -8.54
Larsen 1,424.80 -0.58
HDFC 2,050.05 1.83
Yes Bank 41.15 1.35
Top Gainers
Company Price Change %Gain
BPCL 512.40 4.51
Grasim 730.85 3.86
Zee Entertain 259.65 3.57
Bajaj Finance 4,016.40 3.53
ONGC 141.65 2.16
Company Price Change %Gain
Bajaj Finance 4,018.75 3.57
ONGC 141.60 2.05
HDFC 2,050.05 1.83
Coal India 194.65 1.75
HCL Tech 1,100.85 1.55
Top Losers
Company Price Change %Gain
Hero Motocorp 2,602.35 -2.74
Hindalco 187.95 -2.39
Vedanta 149.90 -2.35
Asian Paints 1,765.70 -2.07
NTPC 117.40 -1.68
Company Price Change %Gain
Hero Motocorp 2,603.00 -2.73
Vedanta 149.70 -2.44
Asian Paints 1,765.70 -2.04
NTPC 117.50 -1.63
ITC 243.70 -1.54

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results