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Sensex falls 188 points, ends below 35000

05 May 2018, 02:00 | Francis Delgado

The BSE Sensex had ended at a three-month high on Monday,by surging 190.66 points or 0.55% to 35,160.36

The BSE Sensex had ended at a three-month high on Monday,by surging 190.66 points or 0.55% to 35,160.36

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At 3.30 p.m., the broader Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10,679.65 points - down 38.40 points or 0.36 per cent.

Realty, capital goods, IT, teck, infrastructure, FMCG, consumer durables, oil and gas and auto suffered as participants pulled money off the table.

The Sensex touched a high of 35,206.55 points and a low of 34,847.61 points.

The index had surged 675.15 points in the past four sessions, spurred by sustained buying by domestic institutional investors (DIIs) and encouraging quarterly earnings by some companies. It shuttled between 10,700.45 and 10,601.60 during the session.

"Rupee weakened as positive US employment data might lead to (US) Feds monetary tightening".

Trump says he may attend Jerusalem embassy opening
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Market Closing: Benchmark indices closed lower following global weakness amid US-China trade talks, with the Nifty settling trade below 10,700 levels.

"Domestically, there is a scenario that markets have been overvalued, as well as political developments ahead of elections", said Dhananjay Sinha, head of institutional research, Emkay Global Financial Services, adding that global overhang also persisted. The BSE Mid-Cap and Sma-Cap indices plunged 1.17 per cent and 1.15 per cent.

Both indexes are set to end the week lower.

"Markets corrected further on Friday as the Nifty ended in the red for the third consecutive day". On the other hand, the S&P BSE auto fell by 278.80 points, the healthcare stocks receded by 146.88 points and the metal index declined by 145.92 points. The US Federal Reserve began a two-day meeting on Tuesday.

In Asia, Hong Kong's Hang Seng fell 1.34 per cent, while Shanghai Composite Index went up 0.64 per cent.



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