Sensex, nifty alert among weak global cues

PTI/Agencies, New Delhi
27/11/2018   0 Comments

The BSE benchmark Sensex opened on Tuesday on a negative note as US President Donald said that investors were alerted after the possibility of moving ahead with tariff increase on Chinese goods. The 30-share Sensex fell by 27.28 points, or 0.08 per cent to 35,326.80. NSE Nifty also saw similar movement, and was lower at 18.70 points, or 0.18 percent, 10,60.99, According to analysts, investors will be cautious because of the reduction of global outlook due to the US-China trade war, uncertainty on domestic state elections and sharp declines in oil prices. Top losses in Bajaj Auto, Asian Paints, Tata Steel, Vedanta, Bharti Airtel, Hero MotoCorp, HUL, ITC, M & M, NTPC, ICICI Bank and IndusInd Bank declined by 1.93 per cent. While the top beneficiaries include Yes Bank, Infosys, Sun Pharma, Coal India, Tata Motors, RIL, TCS, SBI and Axis Bank.

On the macro front, Rupee rupee fell to 71.02 against the US dollar in the interbank foreign currency in early trading. While taking caution before meetings of the G20 and OPEC, Saudi Arabia's prices of crude oil and fall declined in November as high yields of oil production all the time. Meanwhile, Foreign Portfolio Investors (FPI) bought net shares of Rs 62.74 crore on Monday and Dii was a net buyer of Rs 351.78 crore, provisional figures available with BSE. Somewhere else in Asia, Japan's Nikkei gained 0.46% and the Shanghai Composite Index rose 0.42%, while Taiwan's benchmark index fell 0.18%. In the US, the Dow Jones industrial average rose 354.29 points, or 1.46 percent, to 24,640.24 on Monday.


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