Breaking News :

Sensex ends down at 35,443.67 on weaker global cues

6/8/2018

Mumbai, The benchmark index of Bombay Stock Exchange (BSE) on Friday declined by 19.41 points to end negative at 35,443.67, snapping the upward streak of last two sessions, on brisk selling in Power, Metal, Bnakex and FMCG stocks coupled with sustained FII outflows, weaker rupee and negative global cues. The Nifty of National Stock Exchange (NSE) meanwhile eased by 0.70 points to 10,767.65.The key indices edged lower in morning trade and hit intraday low in early trade. The indices recovered later but then hit fresh intraday low in early afternoon trade. Indices trimmed losses in mid- afternoon trade and entered positive terrain in late trade. The Sensex recorded day's high at 35,484.94 and low at 35,260 points,respectively, during the day. The Nifty recorded day's high at 10,779.45 and low at 10,709.05 points,respectively, during the day. Among the secondary barometers, the BSE Mid-Cap index rose 0.42 per cent and Small-Cap index gained 0.58 pc. Both these indices outperformed the Sensex. The market breadth was positive on BSE, as 1,472 shares advanced against 1,170 declined and 140 were unchanged. In overseas markets, European stocks followed Asian peers which ended lower as cyclical sectors including autos and mining dropped amid trade tensions ahead of the G7 summit. Asian stocks declined after the mixed close of Wall Street. Worries over global trade relations ahead of a key meeting of global leaders weighed on investor sentiment as well. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, after six straight sessions of gains took it to the highest since mid-March. Chinese shares slipped, with the blue-chip Shangai-Shenzhen index slipping 0.6 per cent. Hong Kong's Hang Seng declined 0.7 per cent while South Korea's KOSPI was off 0.4 per cent. Japan's Nikkei and Australian shares were barely changed. The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally, while investors turned to safer bets as they kept an eye on global trade tensions and waited for US and European central bank meetings. The Dow Jones Industrial Average rose 95.02 points to 25,241.41, the S&P 500 lost 1.98 points to 2,770.37. The Nasdaq Composite dropped 54.17 points to 7,635.07, after registering three straight closing record highs in the previous sessions.

Opinions expressed in the comments are not reflective of Central Chronicle. Comments are moderated automatically.