NEW DELHI: Markets on Friday completed the week in pink with the benchmark BSE Sensex falling over 400 points amid renewed considerations over US-China trade tiff. Sensex tanked 425 points or 1.15 per cent to near at 36,546, whilst the broader NSE Nifty cracked 126 points or 1.14 per cent to settle at 10,944.
Shares of Tata Motors plunged probably the most on each indices after the automaker posted its worst quarterly loss and trimmed benefit margin steering for its British luxury car unit (Jaguar Land Rover) for the current fiscal year.
Tata Motors, Vedanta, Tata Steel, NTPC, ONGC and L&T had been a few of the primary losers on BSE with their stocks sliding as much as 17.93 per cent. On NSE, except for Nifty Realty, all other sub-indices posted heavy losses with Nifty Auto slipping probably the most, down three.62 per cent.
According to investors, besides heavy losses in Tata Motors, investor sentiment became susceptible as fears of a global financial slowdown resurfaced after US President Donald Trump mentioned that he does not expect to meet his Chinese counterpart Xi Jinping ahead of a March 1 deadline in trade war negotiations between the 2 financial superpowers.
A most sensible White House adviser on Thursday mentioned Washington and Beijing had been nonetheless a "sizeable distance" aside in the trade talks, and no date has been set for a gathering between the countries' leaders.
Meanwhile, on a net basis, foreign portfolio traders (FPIs) purchased stocks worth a net of Rs 418.01 crore Thursday, and domestic institutional traders (DIIs) had been net buyers to the track of Rs 294.11 crore, provisional knowledge available with BSE confirmed.
(With PTI inputs)
Shares of Tata Motors plunged probably the most on each indices after the automaker posted its worst quarterly loss and trimmed benefit margin steering for its British luxury car unit (Jaguar Land Rover) for the current fiscal year.
Tata Motors, Vedanta, Tata Steel, NTPC, ONGC and L&T had been a few of the primary losers on BSE with their stocks sliding as much as 17.93 per cent. On NSE, except for Nifty Realty, all other sub-indices posted heavy losses with Nifty Auto slipping probably the most, down three.62 per cent.
According to investors, besides heavy losses in Tata Motors, investor sentiment became susceptible as fears of a global financial slowdown resurfaced after US President Donald Trump mentioned that he does not expect to meet his Chinese counterpart Xi Jinping ahead of a March 1 deadline in trade war negotiations between the 2 financial superpowers.
A most sensible White House adviser on Thursday mentioned Washington and Beijing had been nonetheless a "sizeable distance" aside in the trade talks, and no date has been set for a gathering between the countries' leaders.
Meanwhile, on a net basis, foreign portfolio traders (FPIs) purchased stocks worth a net of Rs 418.01 crore Thursday, and domestic institutional traders (DIIs) had been net buyers to the track of Rs 294.11 crore, provisional knowledge available with BSE confirmed.
(With PTI inputs)
Sensex crashes over 400 points; Nifty ends below 10,950
![Sensex crashes over 400 points; Nifty ends below 10,950]()
Reviewed by Kailash
on
February 08, 2019
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