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 Drops 250 Points, Nifty Below 11,450 Amid Rising US-China Tension

The 30-share index was trading 205.12 points, or 0.54 per cent, lower at 38,071.51.

PTI

Updated:May 8, 2019, 11:27 PM IST
facebookTwitterskypewhatsapp

Mumbai: The benchmark BSE Sensex extended its losing streak by falling over 250 points in early trade Wednesday, led by losses global markets amid rising US-China tension.

The 30-share index was trading 205.12 points, or 0.54 per cent, lower at 38,071.51.

Similarly, the broader NSE Nifty was down 63.65 points, or 0.55 per cent, at 11,434.25.

Top losers in early session were RIL, ONGC, Vedanta, NTPC, Bajaj Auto, Bajaj Finance, HDFC twins, HUL and SBI, shedding up to 1.57 per cent.

On the other hand, Bharti Airtel, PowerGrid, IndusInd Bank, ICICI Bank, Tata Steel, Yes Bank and Sun Pharma were the top gainers, rising up to 0.82 per cent.

In the previous session on Monday, the BSE bourse ended 323.71 points, or 0.84 per cent, lower at 38,276.63. The NSE Nifty too dropped 100.35 points to settle below the 11,500 level at 11,497.90.

According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, markets across the globe have been weak as the resumption of trade war threats continue to make headlines.

"Earnings have not been encouraging with consumer companies missing analyst estimates and private bank earnings impacted by higher provisions," he said.

However, the earnings slowdown could be attributable to political uncertainty and consumers choosing to hold back on purchases until clarity emerges, he added.

Meanwhile, foreign institutional investors (FIIs) sold equity worth Rs 645.08 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 818.84 crore, provisional data available with stock exchanges showed.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note.

On Wall Street, S&P500 and Nasdaq Composite indices ended up to 2 per cent lower on Tuesday.

On the currency front, the rupee depreciated 20 paise to 69.62 against the US dollar.

Brent crude futures, the global oil benchmark, were trading 0.44 per cent higher at USD 70.19 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
IRCTC 701.90 119.34
Infosys 790.05 -3.04
Indiabulls Hsg 206.40 -1.67
Tata Motors 127.80 5.36
TCS 2,020.35 1.69
Company Price Change %Gain
IRCTC 701.00 119.06
Indiabulls Hsg 206.25 -1.76
Yes Bank 39.45 -0.38
CRISIL 1,296.15 -0.05
Tata Motors 127.80 5.32
Top Gainers
Company Price Change %Gain
Tata Motors 127.80 5.36
ONGC 133.60 3.57
Tata Steel 349.65 3.14
JSW Steel 223.05 2.67
Vedanta 150.85 2.58
Company Price Change %Gain
Tata Motors 127.80 5.32
ONGC 133.50 3.41
Tata Steel 349.70 3.03
Vedanta 150.95 2.72
IndusInd Bank 1,252.90 2.42
Top Losers
Company Price Change %Gain
Infosys 790.05 -3.04
Cipla 434.40 -1.57
Bajaj Finance 3,925.85 -1.19
GAIL 123.80 -0.92
Power Grid Corp 199.15 -0.92
Company Price Change %Gain
Infosys 790.20 -3.13
Bajaj Finance 3,925.35 -1.27
Power Grid Corp 199.30 -0.85
Yes Bank 39.45 -0.38
NTPC 116.50 -0.13

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results