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​Markets fall for 7th straight session; RIL tumbles over 3%

MUMBAI: Falling for the 7th consecutive session, the BSE sensex ended 230 points lower on Thursday led by way of losses in index heavyweight Reliance Industries, amid escalating business tensions between the US and China.

The 30-share BSE benchmark closed 230.22 points, or zero.61 consistent with cent, down at 37,558.91. The index hit an intra-day low of 37,405.40 and a high of 37,780.46.

Similarly, the wider NSE Nifty shed 57.65 points, or zero.51 consistent with cent, to settle at 11,301.80. During the day, the bourse hit a low of 11,255.05 and a high of 11,357.60.

Reliance Industries used to be the largest loser within the sensex pack, finishing three.41 consistent with cent lower. It used to be followed by way of Coal India, Asian Paints, NTPC, Kotak Bank, Bharti Airtel, Vedanta, PowerGrid and HDFC twins, which shed up to 2.53 consistent with cent.

On the opposite hand, Yes Bank won the most, spurting 5.94 consistent with cent. Bajaj Finance, Hero MotoCorp, TCS, HUL, Bajaj Auto, HCL Tech, Infosys, SBI, M&M, ICICI Bank and Tata Motors rose up to 1.65 consistent with cent.

According to investors, investor sentiment remained weak amid emerging business tensions between the US and China.

Ahead of the following spherical of talks aimed toward finishing the business struggle between the arena's two biggest economies, China has mentioned it's going to retaliate if US raises tariffs on Chinese products.

The comments came after US President Donald Trump threatened to hike tariffs on $200 billion price of goods earlier this week.

Bourses in different Asian countries ended significantly lower, with Shanghai Composite Index falling 1.48 consistent with cent, Hang Seng 2.39 consistent with cent, Nikkei zero.93 consistent with cent and Kospi three.04 consistent with cent.

European shares have been additionally buying and selling lower in early business.

Sustained overseas fund outflows additionally dampened marketplace mood right here, investors mentioned.

Foreign institutional traders (FIIs) internet sold equities price Rs 701.50 crore on Wednesday, while home institutional traders (DIIs) bought shares to the music of Rs 232.95 crore, provisional knowledge available with inventory exchanges showed.

The Indian rupee depreciated 22 paise to 69.93 towards the US greenback intra-day.

Global oil benchmark Brent crude used to be buying and selling zero.10 consistent with cent lower at $70.30 consistent with barrel.

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