ugc_banner

Sensex falls again, drops 295 points

WION Web Team
Mumbai, Maharashtra, IndiaUpdated: Sep 18, 2018, 04:17 PM IST
main img
Bombay Stock Exchange Photograph:(Zee News Network)

Benchmark indices BSE Sensex and NSE’s Nifty 50 ended lower on Tuesday after falling in late trade after China indicated that it has no option but to retaliate against the fresh trade tariffs imposed by Trump administration and crude oil prices inching higher. 

BSE Sensex closed lower by 294.84 points, or 0.78%, to 37,290.67, while the Nifty 50 fell 98.85 points, or 0.87%, to close at 11,278.90. Meanwhile, BSE MidCap and SmallCap plunged 1.49% and 1.51%, respectively.

All the sectoral indices on BSE, except FMCG, declined with realty losing most at 3.13%. Power, telecom, industrials, utilities and bankex fell up to 2%. FMCG was up 0.86%.

In the Sensex basket, 7 shares advanced, while 24 declined. HUL, Wipro, Yes Bank and ONGC were top gainers, whereas SBI, Tata Motors, Bajaj Auto and Axis Bank were major losers. In the 50-shares basket, 9 stocks gained, while 41 fell.    

Crude oil prices firmed on Tuesday after Saudi Arabia indicated it was comfortable with a higher price range ahead of a meeting between major producing countries in Algeria, a Reuters report said. 

(With inputs from agencies)