Sensex Tanks 293 Points On Weak Asian Cues; Infy Falls 4%

Federico Mansilla
Abril 16, 2018

At 3.30 p.m., the NSE Nifty50 provisionally closed at 10,528.35 points - up 47.75 points or 0.46 per cent from its previous close.

The US Dow Jones Industrial Average ended 0.50% lower in Friday's trade.

Mumbai: Benchmark indices traded nearly unchanged on Monday morning after recovering from a steep decline at open, tracking mixed Asian equity markets as investors assessed that the likelihood the fallout of an American-led strike on Syria could be contained.

The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent.

The Sensex touched a high of 34,341.46 points and a low of 33,899.34 points during the intra-day trade.

In the Sensex kitty, Hero MotoCorp emerged best performer by surging 2.02 per cent, followed by Kotak Bank 1.88 per cent.

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On the other hand, stocks of Tata Motors suffered the most by crashing 4.96 per cent after Jaguar Land Rover said it is planning to cut jobs to scale back production at some of its United Kingdom sites.

Infosys Ltd shares fell as much as 6% after the company lowered its operating margin outlook and its plan to sell Panaya and Skava. The loss came mainly on back of IT stocks as the Nifty IT sub-index was down 1.30 per cent.

RIl 0.17 per cent, Bharti Airtel 0.16 per cent, Wipro 0.15 per cent and Coal India 0.09 per cent. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99.

Major Asian markets are trading mixed, Nikkei is up 0.21%, Hang Seng is down 1.02% while Shanghai Composite is trading 0.56% lower.

This is published unedited from the PTI feed.

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