Sensex falls over 100 points on weak global cues

Sensex falls over 100 points on weak global cues
Highlights

After starting on a positive note, the benchmark BSE Sensex fell over 100 points on Friday, on weak global cues as investors eyed the outcome of US-China trade talks, ahead of the US jobs report.

The BSE Sensex, after opening 103.41 points higher, turned negative on profit-booking to quote 118.75 points, or 0.34%, lower at 34,984.39. The gauge had lost 73.28 points in the previous session.

After starting on a positive note, the benchmark BSE Sensex fell over 100 points on Friday, on weak global cues as investors eyed the outcome of US-China trade talks, ahead of the US jobs report.

The 30-share index, after opening 103.41 points higher, turned negative on profit-booking to quote 118.75 points, or 0.34%, lower at 34,984.39. The gauge had lost 73.28 points in the previous session.

The wider NSE Nifty also turned negative and shed 33.06 points, or 0.31%, to 10,646.05 after a higher opening at 10,700.45.

Top laggards were Asian Paints, Infosys, Wipro, Sun Pharma, Coal India, Bajaj Auto, RIL, NTPC, Axis Bank, Maruti Suzuki, ICICI Bank, Kotak Bank, Tata Steel and HDFC, falling up to 2%.

Top gainers included Bharti Airtel, Adani Ports, HUL, ONGC, IndusInd Bank, Dr Reddy’s, HDFC Bank, Yes Bank, SBI, TCS and L&T, rising up to 2.45%.

Brokers said, a weak trend in other Asian bourses as investors watched the outcome of trade talks between the US and China, ahead of the April employment data, to be released later in the day, influenced sentiments here.

Market participants booked profits at higher levels in opening trade, they added.

Meanwhile, on a net basis, foreign institutional investors (FIIs) sold shares worth Rs 148.42 crore and domestic institutional investors (DIIs) sold shares worth Rs 578.92 crore in Thursday’s trade, provisional data showed.

Among other Asian markets, Hong Kong’s Hang Seng shed 0.74%, while Shanghai Composite Index lost 0.26% in early trade on Friday. Financial markets in Japan are closed for a four-day holiday weekend.

The US Dow Jones Industrial Average closed 0.02 per cent higher in Thursday’s trade.

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