Sensex lost over 100 points on weak Asian cues


The Sensex ended 16.06 points, or 0.05 per cent higher at 35,176.42 while the Nifty-50 shed 21.30 points, or 0.20 per cent to settle at 10,718.05. The Bankex was down 0.13 per cent but the Finance Index was up 0.01 per cent.

Hexaware Technologies stock price fell 10% despite the company posted a 18% rise in consolidated net profit at Rs134cr for the quarter ended March 31, 2018.

The Sensex has touched a high of 35,357.15 points and a low of 35,113.53 during the intra-day trade.

Market breadth was negative with 882 advances against 853 declines.

The broader markets too reflected a bearish trend for the second day.

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Market Closing: Benchmark indices closed lower following global weakness amid US-China trade talks, with the Nifty settling trade below 10,700 levels. Earlier the gauge had lost 73.28 points in the previous session.

On the positive side, Axis Bank, NTPC, Tata Steel, Infratel and Sun Pharma climbed 2-4 percent.

Investors are also keeping an eye on the USA employment report for April for further indications of the strength of the USA labour market and inflation pressures, they added. It finally finished at 34,915.38, down 187.76 points or 0.53 per cent.

On the other hand, biggest gainers in the 30-share index were Adani Ports and Special Economic Zone (2.23%), Oil & Natural Gas Corporation (1.94%), Bharti Airtel (1.61%), State Bank Of India (0.56%), I C I C I Bank (0.39%), and Power Grid Corporation Of India (0.36%).

In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 148.42 crore, and the domestic institutional investors sold stocks worth Rs 578.92 crore.