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 Ends 240 Points Lower on Rising India-Pak Tension

After cracking nearly 500 points, the 30-share Sensex pared some losses but ended 239.67 points, or 0.66 per cent, lower at 35,973.71. It hit a low of 35,714.16 and a high of 36,172.52.

PTI

Updated:February 26, 2019, 4:12 PM IST
facebookTwitterskypewhatsapp
Bombay Stock Exchange
Representational Image.
Loading...

Mumbai: The benchmark BSE Sensex on Tuesday ended 240 points lower as investor sentiment weakened after the India carried out air strikes on a terrorist camp in Pakistan.

Weak cues from global equities and selling pressure on financials and realty stocks too weighed on market mood here.

After cracking nearly 500 points, the 30-share Sensex pared some losses but ended 239.67 points, or 0.66 per cent, lower at 35,973.71. It hit a low of 35,714.16 and a high of 36,172.52.

The gauge surged 342 points in Monday's trade.

The 50-share Nifty also fell 44.80 points, or 0.41 per cent, to 10,835.30 after hovering between 10,729.30 and 10,888.75.

Losses were more pronounced in banking, realty and PSU counters.

"Indian indices traded lower mainly due to two factors first, the indications of weakness from all major Asian markets since their opening; and second, the strike carried out by the Indian Air Force against terrorist camps located inside Pakistan,"

said Joseph Thomas, Head Research, Emkay Wealth Management.

While the former may be considered reflective of the evolving broader global perspective, the latter may have limited or transient impact on the market direction, he said, adding that markets may remain quite volatile in the coming days, especially, in the light of the fast approaching general elections.

The Indian Air Force struck Jaish-e-Mohammed's (JeM) biggest camp in Pakistan early Tuesday in a major "preemptive" action, killing a large number of terrorists and trainers of the Pak-based terror group preparing to carry out suicide attacks in India.

The move came 12 days after JeM carried out the Pulwama attack in Kashmir.

Meanwhile, the rupee which depreciated 38 paise to 71.35 against the US dollar in early trade, recovered partially to quote at 71.06 in late afternoon trade at the forex market, and was still trading 9 paise lower over its previous close of 70.97.

Fresh round of selling by domestic institutional investors (DIIs) also dampened market sentiment here, brokers said.

DIIs sold shares worth Rs 1,764.4 crore, while foreign portfolio investors (FPIs) bought shares worth a net of Rs 2,134.35 crore on Monday, provisional data showed.

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
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 54.10 -15.60
Maruti Suzuki 5,971.75 -2.02
Indiabulls Hsg 394.75 -5.84
ICICI Bank 386.60 -3.19
HDFC 1,974.60 -0.69
Company Price Change %Gain
Maruti Suzuki 5,938.30 -2.55
Yes Bank 54.15 -15.52
Tata Power 65.05 1.56
Indiabulls Hsg 395.15 -5.73
ICICI Bank 386.55 -3.16
Top Gainers
Company Price Change %Gain
Tata Motors 124.90 2.59
UPL 562.05 0.90
HDFC Bank 1,101.05 0.66
Bharti Airtel 337.60 0.60
Coal India 193.45 0.57
Company Price Change %Gain
Tata Motors 124.25 1.97
HDFC Bank 1,100.40 0.64
Bharti Airtel 337.70 0.58
Coal India 193.60 0.57
Asian Paints 1,554.35 0.40
Top Losers
Company Price Change %Gain
Yes Bank 54.10 -15.60
Zee Entertain 308.85 -7.92
Tata Steel 344.65 -3.80
IndusInd Bank 1,282.25 -3.62
ICICI Bank 386.60 -3.19
Company Price Change %Gain
Yes Bank 54.15 -15.52
Tata Steel 342.70 -4.29
IndusInd Bank 1,300.00 -2.23
ICICI Bank 386.55 -3.16
Maruti Suzuki 5,938.30 -2.55

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results