May 22, 2018, 11:47 am IST
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Sensex ends down at 35,543.94 as investors turn cautious after BJP

Sensex ends down at 35,543.94 as investors turn cautious after BJP

 May 15, 2018

The BSE Sensex declined on Tuesday by 12.77 points to end negative at 35,543.94 in late trade, as investors turned cautious after the noon trends of Karnataka assembly election results showed BJP falling short of a majority. 

The Nifty of National Stock Exchange (NSE) too eased by 4.75 points to settle at 10,801.85 The markets, after opening flat in the morning, saw the benchmark indices inching up as initial trends of the poll results showed BJP closing in on a majority. The BSE index hit an intra-day high of 35,993.53 points. However, as the day progressed and an alliance between BJP rivals Congress and JD(S) looked plausible, the Street went on a downslide and plunged into the negative zone by the time the bourses closed for the day. Sensex recorded day's low of 35,597.92 points. The Nifty recorded day's high at 10,929.20 and day's low at 10,781.40 points, during the day.

The BSE Mid-Cap lost by 0.81 per cent to 16,068.57 and Small-Cap fell by 0.65 pc to 17,525.45, Both these indices underperformed the Sensex. The market breadth was weaker on BSE, as 1,611 shares declined against 1,028 advanced and 140 were unchanged. In overseas markets, European stocks were trading mixed, as investors monitored key political and economic risks while oil
prices hovered close to multi-year highs. 

Most Asian stocks fell as investors remained cautious about key economic and political risks, while supply concerns kept crude oil prices near three-and-a-half-year high. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.16 per cent after rising 0.6 per cent the previous day to its highest since late March. South Korea's KOSPI shed 0.05 per cent and Japan's Nikkei was flat. US stock indices posted modest gains on May 14, and the Dow Jones ended with an eighth gain in a row, extending an uptrend on signs of easing trade tensions between the US and China.

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