Key equity indices trade lower following global cues
Apr 16 2018 by Michele Stevens
The flagship Sensex during the session swung both ways -nearly 408 points - on hectic selling and buying activity by participants.
According to government data, inflation based on wholesale prices eased marginally to 2.47% in March on cheaper food articles, especially pulses and vegetables.
The US Dow Jones Industrial Average ended 0.50 per cent lower in Friday's trade.
The benchmark BSE Sensex was trading 50 points, or 0.15% lower on Monday morning, recovering from its sharp losses in opening trade which saw the gauge plunge by almost 300 points, amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.
The broader NSE Nifty too struggled before ending well above the 10,500-mark.
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The Sensex touched a high of 34,341.46 points and a low of 33,899.34 points during the intra-day trade.
The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent.
At 3.30 p.m., the NSE Nifty50 provisionally closed at 10,528.35 points - up 47.75 points or 0.46 per cent from its previous close.
Major losers were Tata Motors DVR, Tata Motors, Infosys, Axis Bank, Tata Steel, ONGC and SBI.
On the other hand, Cipla (1.80%), Mahindra & Mahindra (0.87%), Adani Ports and Special Economic Zone (0.84%), ITC (0.81%), Larsen & Toubro (0.69%), and Kotak Mahindra Bank (0.64%) were the biggest gainers in the Sensex. Globally, in the Asian region, Japan's Nikkei moved up 0.26 per cent, while Hong Kong's Hang Seng fell 1.60 per cent and Shanghai Composite index fell 1.53 per cent.