Sensex tanks 487 pts when trade jitters demand a toll

Mumbai, May 8 () Markets Soaked In Sales Pressure For The Sixth Day Wednesday, When Investor Sentiment Stark With The Tensions Between The US And China And Inflow Of Foreign Funds. The 30-part BSE Sensex Popped Up 487.50 Points, Or 1.27 Percent, Ending At 37.789.13; While De Broeder NSE Nifty Dropped 138.45 Points, Or 1.20 Percent, To 11,359.45. According To Traders, Domestic Stocks Followed The Weakness In The Global Markets, Which Since Sunday's US President Donald Trump Has Threatened USD 200 Billion Chinese Goods Rates. The Recent Flare-up Of Tensions Between The World's Two Top Economies Has Sent Investors To Safe-haven Assets Such As Bonds, Gold And The Japanese Yen. An Impaired Rupee, Mixed Company Profits, And Caution Before The Election Outcome Contributed To The Gloom, Analysts Added. Index Heavyweight Reliance Industries Was The Biggest Loser In The Sensex Package, Sleeping 3.35%, Followed By Bajaj Finance, Tata Motors, Bajaj Auto, SBI And Vedanta. HDFC Twins, Sun Pharma, NTPC, Yes Bank And IndusInd Bank Were Among The Other Laggards. Only Asian Paints, HCL Tech, And TCS Ended Up In Green And Took Off At 0.60 Percent. " Over The Past Two Days, The Home Markets Have Been Falling, Mainly As A Result Of The Flare-up In The US-China Trade War, And A Lack Of An Agreement Between The Two Economies Could Harm Global Growth In The Short Term. " The Q4FY19 Earnings Season Has Been Predominantly Moderate So Far, And The Ongoing General Election Has Kept The Attention Of The Major Market Players." FIIs, Who Have Supported The Market Through Their Influx, Have Made Sellers In Recent Days. Until The Election Results (May 23)," Said Hemang Jani, Head - Advisory, Sharekhan Of BNP Paribas. All Sectoral Indices For BSE Ended In Red, Led By Energy, Real Estate, Utilities, Oil And Gas, Finance, Banking, Healthcare, Telecom And Teck, Tumbling Up To 2.51 Percent. The Broader BSE Smallcap And Midcap Indices Also Ended With 1.21 Percent Lower. Foreign Institutional Investors (FIIs) Tuesday Sold Shares Worth A Net Rs 645.08 Crore, While Domestic Institutional Investors (DIIs) Bought Shares For An Amount Of Rs 818.84 Crore, Preliminary Data Available With Stock Exchanges. Other Asian Stock Exchanges Finished Substantially Lower After Weak Chinese Trade Data. The Shanghai Composite Index Fell By 1.12 Percent, Hang Seng 1.23 Percent, Nikkei 1.46 Percent And Kospi 0.41 Percent. European Shares Listing At A Mixed Moment In Early Trading. The Indian Rupee Depreciated 19 Paise To 69.59 Against The US Dollar Intra-day. Global Benchmark Brent Crude Trading Was 0.41 Per Cent Lower At USD 69.59 Per Barrel. ANS ABM ABM

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