Social News XYZ     

Sensex ends 157 points lower over fresh signs of global slowdown

Sensex ends 157 points lower over fresh signs of global slowdown

Mumbai, Jan 14 (IANS) Sensex and Nifty fell on Monday in line with Asian markets which responded on poor Chinese trade data and an extended partial US government shutdown, fuelling concerns of a global growth slowdown.

However, losses were capped as India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed on Monday.

Except for the export-oriented IT sectors on the BSE, which gained as the rupee weakened close to 30 paise, all other sectorial stocks witnessed heavy selling pressure.

 

The rupee weakened to 70.79 per dollar, around the closing bell against the previous close of 70.49.

Index-wise, the Nifty50 declined by 57.35 points or 0.53 per cent to settle at 10,737.60.

The S&P BSE Sensex closed at 35,853.56, lower by 156.28 points or 0.43 per cent from the previous close of 36,009.84.

It had opened at 36,113.27 points and touched an intra-day high of 36,124.94 and a low of 35,691.75.

Stock-wise, Yes Bank was a top gainer, jumping close to 6 per cent.

Infosys, Sun Pharma, Bajaj Finance and Maruti Suzuki inched up in the range of 1 to 3 per cent.

In contrast, Larsen and Tubro and IndusInd Bank lost over 2 per cent while Vedanta, Power Grid and NTPC lost in the range of 1 to 2 per cent.

Facebook Comments
Sensex ends 157 points lower over fresh signs of global slowdown

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

Advertisements
%d bloggers like this: