Sensex slips 363 points on Trump tweets

MUMBAI: A Series Of Surprising Tweets From The American President Donald Trump On Sunday About Imposing Tariffs On Chinese Goods Fooled In The World's Largest Economy By Investors Around The World, Selling On Monday Morning As A Result, The Sensex Weak Opened And Decreased With 450 Points Within Few Minutes. However, It Recorded Some Losses During The Day To Close 363 Points Lower At 38,600.

Handy On The NSE 114 Points Lost To Close At 11,598. Index Heavy Weights Like HDFC Bank , HDFC, Reliance And Infosys Contributed Most Losses In The Index While Making Profits In ITC, TCS And Bharti Airtel Cushioned The Slide To Some Extent. In The Domestic Market, Weak Corporate Earnings Reports And Sluggish Macroeconomic Parameters Also Impacted Sentiment, With Election-related Uncertainties Also Adding To Investors' Worries, Dealers Said.

On Monday, The Chinese And Hong Kong Markets Led The Global Sell Off As Investors Preferred To Stay Out Of These Economies.

The Shanghai Index Crashed 5.6% While Hang Seng Closed 2.9% Lower. The Chinese Market Closed At A Three-year Low Level. In Late Trades On Monday, The German Dax Index Was Down 1.3% While Across The Atlantic, The Dow Jones Index Was Nearly 1% Down In Early Trades.

The Day Also Saw The Fifth Phase Of Lok Sabha Polls With Conflicting Reports Pouring In Relation To The Prospects Or BJPled Ruling Coalition's Chances Or Coming Back To Power.

The Day's Selling Was Led By Foreign Funds Which Showed A Net Selling Figure Of Almost Rs 950 Crore While Domestic Funds Were Just Buyers At Rs 90 Crore.

As A Result, On Monday, The Indian Rupee Weakened By 24 Paise To An Intra-day Low At 69.47 To The Dollar And Closed 19 Paise Weaker At 69.41.