Business

Sensex Falls Over 150 Points, Nifty Near 11,650

Sensex Falls Over 150 Points, Nifty Near 11,650

Domestic stock markets started Tuesday's session on a lower note, extending losses to a third straight session. The S&P BSE Sensex index fell as much as 176.92 points to 38,946.04 in early trade, and the NSE Nifty benchmark moved to 11,651.00, down 48.65 points from the previous close. At 9:36 am, the Sensex traded 99.81 points - or 0.26 per cent - lower at 39,023.15, while the Nifty was down 30.85 points - or 0.26 per cent - at 11,668.80. 

Top percentage laggards on the 50-scrip index at the time were UPL, Zee Entertainment, Bharti Infratel, HCL Tech, Sun Pharma, Grasim and Tata Steel, trading between 0.88 per cent and 2.50 per cent lower.

HDFC Bank, TCS and Infosys weighed the most on Sensex.

Equities in other Asian markets traded on a lacklustre note as investors awaited to see if anything will come of China-US trade talks later this week.

US President Donald Trump is slated to meet one-on-one with at least eight world leaders at the G20 summit in Osaka, including China's President Xi Jinping and Russian President Vladimir Putin.

Early trade was very light with MSCI's broadest index of Asia-Pacific shares outside Japan up a minor 0.09 per cent. Japan's Nikkei was all but flat, as was the South Korean market

E-Mini futures for the S&P 500 edged up 0.08 per cent. Overnight in the US, the Dow Jones industrial average ended up 0.03 per cent on Monday, whereas the S&P 500 and Nasdaq lost 0.17 per cent and 0.32 per cent respectively.

The Sensex and Nifty had ended 0.18 per cent and 0.21 per cent lower on Monday.

(With inputs from Reuters)