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Market Podcast: Sensex ends below 35000, Nifty falls 61 points

05 May 2018, 02:00 | Hattie Nash

The BSE Sensex had ended at a three-month high on Monday,by surging 190.66 points or 0.55% to 35,160.36

The BSE Sensex had ended at a three-month high on Monday,by surging 190.66 points or 0.55% to 35,160.36

The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,257.31 points, closed at 35,103.14 points (3.30 p.m.) - down 73.28 points or 0.21 per cent from its previous close.

According to market observers, healthy buying was witnessed in the banking, automobile and FMCG stocks.

The Nifty50 index was 0.44 per cent down at the same time.

The Sensex touched a high of 35,206.55 points and a low of 34,847.61 points. The market breadth was weak as 1,779 shares fell and 919 shares rose on the BSE.

The broader markets too reflected a bearish trend for the second day. "Sentiments were hit on the back of data showing that FPIs and domestic institutional investors turned net sellers of Indian stocks yesterday", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.

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Markets ended in the negative zone on Friday on weak global cues as investors eyed the outcome of US-China trade talks, ahead of the US jobs report. Earlier the gauge had lost 73.28 points in the previous session.

Bharti Airtel, HUL, Adani Ports, ONGC, Dr. Reddy's, SBI, TCS, IndusInd Bank, Yes Bank, HDFC Bank, TCS and L&T rising up to 2.45 percent.

Investors are also keeping an eye on the U.S. employment report for April for further indications of the strength of the United States labour market and inflation pressures, they added.

Wipro (-2.3%), Asian Paints (-2.1%), Infosys (-1.7%), Tech Mahindra (-1.6%) and Sun Pharma (-1.5%) were the top losers in today's trade. Australian shares fell after a Reserve Bank of Australia statement that signaled the central bank sees faster economic growth this year and next but doubts inflation will reach the mid-point of its target band until 2020.



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