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Sensex ends lower at 37,558.91 pts on heavy losses by RIL, Coal
Economy

Sensex ends lower at 37,558.91 pts on heavy losses by RIL, Coal

Agency News

Mumbai, May 9 : Continuing its losing streak for the seventh consecutive session on Thursday, the BSE Sensex crashed by 230.22 points to end at 37,558.91 due to heavy losses suffered by RIL and Coal India amidst negative cues from global peers over uncertainty on outcome of trade talks between China and United States later in
the day.

The Nifty of National Stock Exchange (NSE) too fell by 57.65 points to 11,301.80. The Sensex opened down by 42 points to 37,747.91 in the morning trade and then almost remained in negative terrain till the end of the session when it hit day's low of 37,405.40, down by 384 points, Then, it recouped some of the losses but closed in red at 37,558.91, sliding by 230.22 points versus its last close.

The losses in sectoral indices like Energy, Telecom, Oil & Gas, Powergrid, Bankex, Capital Goods and Materials put the pressure on the market for another day today, along with scrips of Reliance Industries, Coal India, NTPC, Asian Paints and Bharti Airtel.
The broader markets also underperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap fell 0.19 per cent and 0.38 pc, respectively.

The market breadth was negative on BSE, as 1,066 shares advanced against 1,400 fell and 157 others were unchanged.Globally, shares in Europe and Asia declined on Thursday as increased tensions ahead of key Sino-US trade negotiations raised fresh concerns about the outlook for the global economy. US President Donald Trump, in a pair of tweets on Wednesday morning, said he would be happy to keep tariffs on Chinese exports rather than make a bad deal, setting the stage for a contentious round of talks between the United States and China that is set to begin on Thursday.(UNI)