HOME WORLD INDIA BHOPAL BUSINESS ENTERTAINMENT SCIENCE & TECHNOLOGY SPORTS HEALTH
WTN SPECIAL GOSSIP CORNER RECIPES DRINKS FUN FACTS WTN HINDI
EDUCATION LIFESTYLE TRAVEL ART & LITERATURE BIG MEMSAAB OPINION & INTERVIEW BrahMos
ABOUT US PRIVACY POLICY SITEMAP CONTACT US
BREAKING NEWS

Global cues, trade war concerns depress equity indices (Roundup)

18 Jun 2018
Mumbai June 18 (IANS) Weak international markets and concerns of a resurgent global trade war depressed the key Indian equity indices on Monday.
Trade on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) was largely choppy throughout the day.
Index-wise the wider Nifty50 of the NSE closed at 10 799.85 points down 17.85 points or 0.17 per cent from the previous close of 10 817.70 points.
Similarly the barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 35 698.43 points closed at 35 548.26 points -- down 73.88 points or 0.21 per cent from its previous session s close of 35 622.14 points.
The Sensex touched a high of 35 721.55 points and a low of 35 518.73 points during the intra-day trade.
In the broader markets the S&P BSE mid-cap ended 0.18 per cent lower while the S&P BSE small-cap fell 0.77 per cent from its previous close. The BSE market breadth was bearish with 1 737 declines against 901 advances.
"Markets ended with marginal losses on Monday after trading in a narrow range for a major part of the day " Deepak Jasani Head of Retail Research at HDFC Securities told IANS.
"The weakness came on the back of negative global cues after US President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports."
Jasani said that major Asian markets closed on a negative note and European indices -- FTSE 100 CAC 40 and DAX -- traded in the red.
On the currency front the Indian rupee appreciated by three paise against the US dollar to 67.99 from its previous close of 68.02 per greenback.
Investment-wise provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 754.43 crore while the domestic institutional investors bought stocks worth Rs 824.10 crore.
Sector-wise the S&P BSE oil and gas index gained the most by 179.63 points followed by the auto index which rose by 81.11 points and the banking index which ended higher by 36.29 points.
On the other hand S&P BSE metal index fell by 231.22 points the consumer durables index was down 139.27 points and the IT index ended lower by 111.57 points.
The major gainers on the Sensex were ICICI Bank up 3.61 per cent at Rs 292.50; Tata Motors (DVR) up 1.97 per cent at Rs 183.60; Tata Motors up 1.83 per cent at Rs 308.75; Bajaj Auto up 0.98 per cent at Rs 2 901.90; and Maruti Suzuki up 0.46 per cent at Rs 8 993.40 per share.
The top losers were Vedanta down 2.70 per cent at Rs 232.30; Kotak Mahindra Bank down 1.97 per cent at Rs 1 314.05; Bharti Airtel down 1.67 per cent at Rs 371.25 Coal India down 1.59 per cent at Rs 274.60; and Tata Steel down 1.28 per cent at Rs 558.70 per share.

--IANS rrb/him/