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INDIA-MARKETS-SENSEX
Sensex retreats from record high, down 106 pts
Mumbai, Aug 10, 2018 (BSS/PTI) – Retreating from its lifetime high, the BSE
Sensex dropped 106 points in opening trade today on profit-booking in recent
gainers amid a weak trend at other Asian markets.
The 30-share barometer fell by 106.02 points or 0.27 per cent to
37,918.35, with banking, PSU, metal, realty and FMCG stocks falling up to
0.30 per cent.
The gauge had gained 358.57 points in the previous two sessions.
Brokers said apart from profit-booking at record levels, a weak trend at
other Asian markets following overnight losses on Wall Street dented the
trading sentiment.
The wider NSE Nifty too receded from its record level and slipped 29.05
points, or 0.25 per cent to 11,441.65.
SBI, Coal India, HDFC, Sun Pharma, RIL, Tata Steel, Axis Bank, Tata
Motors, HDFC Bank, IndusInd Bank, Wipro and Bajaj Auto were trading in the
negative zone, falling up to 1.53 per cent.
Meanwhile, domestic institutional investors (DIIs) sold shares worth a net
Rs 85.39 crore, while foreign portfolio investors (FPIs) bought shares worth
Rs 370.68 crore yesterday, provisional data showed. Asian stocks slipped as
investors assessed the impact of the latest tit-for-tat in the US-China trade
war.
Hong Kong’s Hang Seng was down 0.40 per cent, Japan’s Nikkei shed 0.53 per
cent and Shanghai Composite Index fell 0.15 per cent.
The US Dow Jones Industrial Average ended 0.29 per cent lower in
yesterday’s trade.
BSS/PTI/HR/1200