Sensex erases early gains, falls over 100 points
Team Udayavani, Apr 11, 2018, 10:23 AM IST
Mumbai: The BSE Sensex turned choppy and fell over 100 points, led by losses on banking, oil & gas, finance and auto counters, amid mixed Asian cues.
The 30-share index opened on a positive note, only to turn negative and trade 130 points, or 0.38 per cent, lower at 33,750.74.
The gauge had gained 861.18 points in the previous four sessions. The broader NSE Nifty too fell 35.50 points, or 0.34 per cent, to 10,366.75.
Concerns over brent crude prices, that again went past USD 70 a barrel, weighed on global equities.
Stocks of oil marketing companies such as HPCL, BPCL and IOC reeled under pressure and fell up to 1.07 per cent.
Banking stocks, led by private lenders, succumbed to profit-booking after recent gains.
Major Sensex losers were SBI, Adani Ports, ICICI Bank, Axis Bank, Yes Bank, Asian Paints, falling up to 2 per cent.
ONGC, Sun Pharma, TCS, Infosys, Reliance Industries, were among the top gainers, rising up to 2.58 per cent.
Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 653.65 crore yesterday, while foreign portfolio investors (FPIs) sold equities worth Rs 684.99 crore, provisional data showed.
Globally, Shanghai Composite Index rose 0.46 per cent, Hong Kong’s Hang Seng gained 0.41 per cent, while Japan’s Nikkei shed 0.20 per cent in early trade.
The US Dow Jones Industrial Average ended 1.79 per cent higher yesterday.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision
SC orders liquidation of grounded air carrier Jet Airways’ assets
Home-cooked meals become dearer in October on costlier vegetables
Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls
Das says incoming data on GDP growth mixed but positives outweigh negatives
MUST WATCH
Latest Additions
BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal
Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid
SC notice to Centre on plea to include ayurveda, yoga in Ayushman Bharat
BJP wants to snatch ”Jal, Jungle, Jameen” from tribals, alleges Rahul at Jharkhand poll rally
Leopard spotted near M’luru airport, Forest Dept begins search operation
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.