ZCZC
BCN-24
INDIA-MARKET-SENSEX
Sensex falls over 200 points, Nifty slips below 11,300
Mumbai, Aug 2, 2018 (BSS/PTI) – The BSE Sensex dropped over 200 points to
37,373.08 today on heavy selling in metal, auto, banking, capital and realty
stocks amid sustained capital outflows by foreign funds after the RBI
yesterday hiked repo rate for the second time in two months. The repo rate,
at which the central bank lends to other banks, now stands at 6.5 per cent.
Moreover, fall in Asian stocks on renewed US-China trade war concerns
influenced the sentiment here, brokers said.
The 30-share index dropped 248.42 points, or 0.66 per cent, to 37,273.20.
The gauge had lost 84.96 points in yesterday’s session.
Similarly, the NSE Nifty fell 72.80 points, or 0.64 per cent to 11,273.40.
Sectoral indices led by metal, auto, banking, capital goods and realty,
falling up to 1.30 per cent.
Major losers were Vedanta, Tata Steel, Yes Bank, Tata Motors, Maruti
Suzuki, Hero Motocorp, M&M, HDFC, RIL, Bajaj Auto, Bharti Airtel, SBI, Kotak
Bank, ICICI Bank, Adani Ports, NTPC, Axis Bank and HDFC Bank, losing up to
2.64 per cent.
Meanwhile, Sun Pharma, PowerGrid, Coal India, HUL, IndusInd Bank, ONGC and
Infosys rose up to 1.42 per cent.
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs
95.94 crore yesterday and domestic institutional investors (DIIs) sold shares
worth Rs 562.33 crore, provisional data showed.
Elsewhere in Asia, Japan’s Nikkei fell 0.36 per cent and Hong Kong’s Hang
Seng shed 0.54 per cent in early trade. China’s Shanghai Composite index too
was down 0.33 per cent.
US stocks closed mostly lower yesterday after the Federal Reserve left
interest rates unchanged but signalled another imminent rate increase. Fresh
worries over US-China trade friction too dampened sentiment.
The Dow Jones Industrial Average ended 0.32 per cent lower in yesterday’s
trade.
BSS/PTI/HR/1040