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INDIA-MARKET-SENSEX
Sensex, Nifty choppy amid weak global cues
Mumbai, Dec 24, 2018 (BSS/PTI) – The benchmark BSE Sensex opened on a
volatile note early Monday on short-covering by investors amid weakness in
Asian markets
Buying activity in pharma, technology, banking auto and FMCG stocks,
influenced market sentiment
The benchmark BSE Sensex was trading 28.05 points, 0.08 per cent, lower at
35,714.02, after swinging over 200 points between highs and lows of 35,910.67
and 35,675.02, respectively
The gauge had plunged 572.04 points on Friday
NSE Nifty was trading lower 25.25 points, or 0.23 per cent, at 10,728.75
Top losers were Hero MotoCorp, Vedanta, Bajaj Auto, Bajaj Finance, Asian
Paint and HDFC Bank fell up to 3 per cent
On the other hand, major gainers were Sun Pharma, Infosys, TCS, SBI, ITC,
ICICI Bank, Tata Motors, IndusInd Bank, Kotak Bank, Axis Bank, Maruti Suzuki,
L&T, Bharti Airtel, M&M and Coal India, rising up to 2.12 per cent
According to experts, global equities were choppy as a partial US
government shutdown that entered was set to stretch through Christmas, after
Congress adjourned for the weekend with no deal in sight to end an impasse
over funding for President Donald Trump’s wall on the US-Mexico border
Also, investors are nervous after reports emerged that Trump privately
asked cabinet members if he had the authority to fire Fed Chair Jerome Powell
after interest rates were increased and the stock market tanked
Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares
worth Rs 134.14 crore, while domestic institutional investors (DIIs) sold
shares worth Rs 488.55 crore Friday, provisional data showed
Asian markets were trading lower following Friday’s losses on the Wall
Street
Hong Kong’s Hang Seng was down 1.29 per cent. Shanghai Composite Index shed
0.49 per cent in early trade. Korea’s Kospi fell 0.38 per cent and Taiwan
index slipped 0.20 per cent. Japan’s markets are closed Monday
The US Dow Jones Industrial Average ended 1.81 per cent lower Friday.
BSS/PTI/HR/1225