Breaking News

Mkts fall for 7th straight session; RIL slips 3%

MUMBAI: Falling for the seventh consecutive session, the BSE sensex ended 230 issues decrease on Thursday led via losses in index heavyweight Reliance Industries, amid escalating trade tensions between the United States and China.

The 30-share BSE benchmark closed 230.22 issues, or 0.61 consistent with cent, down at 37,558.91. The index hit an intra-day low of 37,405.40 and a prime of 37,780.46.

Similarly, the wider NSE Nifty shed 57.65 issues, or 0.51 consistent with cent, to settle at 11,301.80. During the day, the bourse hit a low of 11,255.05 and a prime of 11,357.60.

Reliance Industries was once the most important loser in the sensex pack, ending 3.41 consistent with cent decrease. It was once followed via 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 five.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 traders, investor sentiment remained weak amid emerging trade tensions between the United States and China.

Ahead of the next round of talks aimed toward ending the trade battle between the world's two biggest economies, China has mentioned it's going to retaliate if US raises price lists on Chinese products.

The comments got here after US President Donald Trump threatened to hike price lists on $200 billion worth of goods earlier this week.

Bourses in other Asian countries ended considerably decrease, with Shanghai Composite Index falling 1.48 consistent with cent, Hang Seng 2.39 consistent with cent, Nikkei 0.93 consistent with cent and Kospi 3.04 consistent with cent.

European stocks were also trading decrease in early trade.

Sustained overseas fund outflows also dampened marketplace temper here, traders mentioned.

Foreign institutional investors (FIIs) internet bought equities worth Rs 701.50 crore on Wednesday, while home institutional investors (DIIs) bought shares to the tune of Rs 232.95 crore, provisional data to be had with inventory exchanges confirmed.

The Indian rupee depreciated 22 paise to 69.93 towards the United States dollar intra-day.

Global oil benchmark Brent crude was once trading 0.10 consistent with cent decrease at $70.30 consistent with barrel.

No comments