Indices extend losses with Sensex falls 250 pts, Nifty below 11,450
It is a weak start for the Indian indices on May 8 with Nifty below 11,450.
At 09:17 hrs IST, the Sensex is down 239.22 points at 38037.41, while Nifty is down 65.20 points at 11432.70. About 208 shares have advanced, 451 shares declined, and 31 shares are unchanged.
Vedanta, Asian Paints, HDFC Bank, Tata Motors, SBI, RIL are among major losers on the indices, while gainers include Zee Entertainment, Gail, IndusInd Bank, and Cat.
All sectoral indices are trading in red led by metal, FMCG, auto, bank, energy, pharma and IT. Benchmark indices are trading flat in the pre-opening session.
At 09:03 hrs IST, the Sensex is up 19.54 points or 0.05% at 38296.17, and the Nifty up 13.40 points or 0.12% at 11511.30 Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56.50 points or 0.49 percent. Nifty futures were trading around 11,482-level on the Singaporean Exchange. US stocks slid on Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets.
No comments:
Post a Comment