Sensex tanks 293 points on weak Asian cues; Infosys falls 4 per cent

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent.

Published: 16th April 2018 11:36 AM  |   Last Updated: 16th April 2018 11:36 AM   |  A+A-

sensex, stock exchange, bombay, BSE, Nifty,

Representational image. (File | Reuters)

By PTI

MUMBAI: The BSE benchmark Sensex fell nearly 300 points to crack below the 34,000-mark today amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The 30-share index fell by 293.31 points, or 0.85 per cent to 33,899.34 in opening trade.

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

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent.

The NSE Nifty was lower by 84.25 points, or 0.80 per cent, at 10,396.35.

Shares of Infosys fell 3.86 per cent to Rs 1,123.90 less-than-expected FY19 revenue guidance.

The stock was the biggest contributor to the losses on Sensex.

Other major losers were Tata Motors, Wipro, Axis Bank, ONGC, NTPC, RIL, Dr Reddy's SBI, Bharti Airtel, ICICI Bank, Maruti Suzuki, Asian Paint and Tata Steel, falling by up to 1.54 per cent.

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.

Japan's Nikkei, however, was up 0.26 per cent.

The US Dow Jones Industrial Average ended 0.50 per cent lower in Friday's trade.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp