Published: Mon, April 16, 2018
Finance | By Claude Patterson

Sensex ends 112 points higher; Nifty settles above 10500

Sensex ends 112 points higher; Nifty settles above 10500

The key Indian equity markets traded marginally lower on Monday afternoon weighed on by heightened geo-political tensions in the Middle East, along with broadly negative cues from the Asian markets.

The 30-share barometer fell by 293.31 points (0.85 percent) to 33899.34.

The gauge had gained 1,173.88 points in the previous seven sessions.

Among BSE sectoral indices, IT index fell the most by 1.03%, followed by TECk 0.9%, oil & gas 0.6% and consumer durables 0.3%.

IT heavyweight Infosys fell over 3 per cent on lower-than-expected margin guidance for fiscal year 2018-19.

The major gainers on the BSE were Hero MotoCorp, Kotak Mahindra Bank, Adani Ports, Mahindra and Mahindra and Bajaj Auto, while Tata Motors, Tata Motors (DVR), Infosys, State Bank of India and ONGC were among the main losers.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 399.59 crore on net basis, while domestic institutional investors (DIIs) sold equities to the tune of Rs 306.05 crore last Friday, provisional data showed.

Among other Asian markets, Hong Kong's Hang Seng shed 1.44 per cent, while Shanghai Composite Index was down 1.05 per cent in early trade. However, Japan's Nikkei was up by 0.26 percent.

The US Dow Jones Industrial Average ended 0.50% lower in Friday's trade. The S&P BSE Mid-Cap index rose 81.19 points or 0.49 per cent to settle at 16,677.76.

Mumbai: The rupee fell 20 paise to 65.40 against the USA dollar in early trade on Monday on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.

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.

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