Karnataka uncertainty makes Sensex end in red

Adjust Comment Print

The rupee has also depreciated against the US Dollar, trading close to the 68 mark.

No let-up in selling by foreign funds and rising global crude oil prices, which hovered near United States dollars 80 per barrel, affected investor sentiment, brokers said. However, the indices gave up all the gains to close in the negative territory as final results by 3.30 pm showed BJP had fallen short of a clear majority, and a Congress-JD (S) coalition government was a possibility.

Weak Chinese economic data and lack of progress on trade tariff issue between the U.S. and China too hit investor sentiments.

GOTHAM: Renewed For A 5th Season (Sort Of)
The villains of the dark DC Comics city have run wild for a few years now, but they are soon going to meet up with Batman himself. Keep checking back for more news and updates on what Gotham's season 5 will look like. ©2017 Fox Broadcasting Co.

The benchmark BSE Sensex swung over 500 points on Tuesday as the BJP first looked to be sealing a victory, but ran out of steam in the later part of the counting as a hung assembly picture emerged.

The 30-share Sensex surged over 436 points in early trade and the NSE Nifty soared almost 128 points before making a U-turn.

Besides, the BJP forming the government in Karnataka and a higher opening in domestic equity market supported the rupee, forex dealers said.

Facebook's Zuckerberg, EU Lawmakers to Discuss Data Privacy
Facebook has been under scrutiny on both sides of the Atlantic in the aftermath of the Cambridge Analytica data scandal. Zuckerberg will also make a stop in Paris to meet with French President Emmanuel Macron during his European trip.

The 30-share Sensex opened lower at 35,452.35 points and moved between 35,241.63 and 35,543.89 before settling lower by 156.06 points, or 0.44 percent, at 35,387.88. The 30-share BSE index hit a high of 35993.53 in morning trade.

Among the Nifty50 stocks, Bharti Airtel was the top loser, down 2.57 per cent followed by UltraTech Cement and Wipro, which fell as much as 2 per cent. ICICI Bank, Cipla, Tata Motors, Gail, Sun Pharma, Asian Paints were the other prominent losers in the Nifty.

Sectoral indices led by IT, Teck, capital goods, oil and gas, banking and PSU were trading in the red.

Jared Kushner Was 'Agitated, Infuriated' At Meeting With Russians Focused On Adoptions
Steve Bannon, the president's former chief strategist, has said he believes the elder Trump likely knew of the meeting. Mr Trump did not make it to Mr Agalarov's party in Moscow.

The US Dow Jones Industrial Average, however, ended 0.22 percent down in Thursday's trade. Among other IT stocks, Infosys fell 0.7 per cent and TCS 0.5 per cent.

Comments