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
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Sensex Falls Over 200 Points as US-China Tensions Roil Global Markets

Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if US raises tariffs on Chinese products.

PTI

Updated:May 9, 2019, 11:40 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Falls Over 200 Points as US-China Tensions Roil Global Markets
Representative image of Sensex.
Loading...
Mumbai: The benchmark BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,300 mark in early trade Thursday tracking weak cues from global markets as US-China trade tiff continued to roil investor sentiment.

Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if US raises tariffs on Chinese products.

The comments come after US President Donald Trump threatened to hike tariffs on USD 200 billion worth of goods earlier this week.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading significantly lower in early trade.

Following suit, the 30-share index was trading 212.08 points, or 0.56 per cent, lower at 37,577.05.

Similarly, the broader NSE Nifty was down 63.15 points, or 0.56 per cent, at 11,296.30 .

Among the top losers in early session were RIL, NTPC, PowerGrid, Yes Bank, Tata Motors, HCL Tech, Bajaj Finance and HDFC twins, falling up to 2.60 per cent.

On the other hand, Infosys, TCS, Hero MotoCorp, SBI, L&T and Maruti rose up to 1.44 per cent.

In the previous session on Wednesday, the BSE bourse plunged 487.50 points, or 1.27 per cent, to end at 37,789.13; while the broader Nifty sank 138.45 points, or 1,20 per cent, to 11,359.45.

Investor sentiment remained weak amid rising tension between the US and China, traders said, adding that sustained foreign fund outflow to dampened market mood here.

Foreign institutional investors (FIIs) sold equity worth Rs 701.50 crore on Wednesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 232.95 crore, provisional data available with stock exchanges showed.

According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, the market is expected to remain volatile till any clarity emerges on the progress in US China trade war and the election results in India.

On the currency front, the rupee depreciated 16 paise to 69.87 against the US dollar.

Brent crude futures, the global oil benchmark, were trading 0.75 per cent lower at USD 69.84 per barrel.

On Wall Street, S&P500 and Nasdaq Composite indices ended lower on Wednesday.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results