Sensex sinks 300 points to close below 35k-mark

Sensex swings to counting trends

Sensex swings to counting trends

The 30-share Sensex resumed higher at 35,483 and advanced to a high of 35,510.

The barometer Sensex of the BSE, which had opened at 35,452.35 points, closed at 35,387.88 points - lower by 156.06 points or 0.44 per cent - from the previous day's close at 35,543.94 points.

During the week, the Sensex lost 687.49 points, or 1.93 per cent, while the Nifty dropped 210.10 points, or 1.94 per cent.

At 1.10 p.m., the wider 50-scrip NSE Nifty was trading at 10,853.80 points - up 47.20 points or 0.44 per cent - from the previous close of 10,806.50 points.

Mumbai: The equity markets closed lower for the second consecutive day as the lingering uncertainty over the composition of the next government in Karnataka along with weakness in global stocks impacted sentiments. "This along with rising oil prices suggest caution on the macro front", said Nomura Financial Services in a note to its clients.

Foreign portfolio investors (FPIs) net sold shares worth Rs 830.94 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 428.92 crore yesterday, as per provisional data.

After easing for three months, India's retail inflation shot up to 4.58 per cent in April, which may turn the Reserve Bank of India more hawkish.

Families behind Indonesia bombings belonged to same religious study group
Police ordered the temporary closure of all churches in Surabaya on Sunday, and a large food festival in the city was cancelled. At Surabaya Centre Pentecostal Church , Futrianto then drove his auto onto the church grounds and detonated explosives.

Major laggards were Wipro, HDFC Bank, L&T, Tata Motors, Adani Ports, Bharti Airtel, Asian Paints, Maruti Suzuki, ICICI Bank, Reliance Industries and ITC Ltd falling by up to 1.28 percent.

Sectoral indices led by capital goods, IT, teck, oil and gas, banking and PSU were trading in the negative zone.

Weak Chinese economic data and lack of progress on trade tariff issue between the U.S. and China too hit investor sentiments.

The S&P BSE Mid-Cap index rose 0.67 per cent.

In Europe, Frankfurt's DAX fell 0.12 per cent, while Paris CAC shed 0.28 per cent in early deals.

In the Asian region, Shanghai Composite Index fell 0.48%, while Hong Kong's Hang Seng slipped 0.54%. London too shed 0.23 per cent.

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