This was the fifth consecutive session of losses for the markets. PSU bank stocks, however, bucked the trend

Stock market


The&nbsp;markets ended lower for the fifth straight session on Monday, following the resignation of the Bharatiya Janata Party&#39;s (BJP&#39;s) B S Yeddyurappa in the Karnataka Assembly despite positive global cues.<br />
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The S&P BSE Sensex ended at 34,616, down 232 points while the broader Nifty50 index settled at 10,517, down 80 points.<br />
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B S Yeddyurappa&rsquo;s third chief ministerial stint lasted all of 55 hours, and his resignation on Saturday evening came as a shot in the arm for an Opposition struggling to mount a united challenge to the Narendra Modi-led Bharatiya Janata Party (BJP) in the 2019 Lok Sabha elections.<br />
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Among sectoral indices, the Nifty PSU Bank index ended 2.66% higher led by a rise in the shares of&nbsp;Bank of India,&nbsp;Union Bank of India and&nbsp;Punjab National Bank. However, the Nifty Realty index fell 3.29%, Nifty Pharma slipped 2.78% and Nifty Metal ended 1.68% lower.<br />
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<strong>GLOBAL MARKETS</strong><br />
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	Asian markets closed mostly higher. Japan&#39;s Nikkei 225 rose 0.3 per cent to 23,002.37. Hong Kong&#39;s Hang Seng gained 0.6 per cent to 31,234.35, while the Shanghai Composite Index advanced 0.6 per cent to 3,213.84. South Korea&#39;s Kospi added 0.2 per cent to 2,465.57. Australia&#39;s S&P/ASX 200 inched down 0.1 per cent to 6,084.50. Stocks in Southeast Asia were mixed.<br />
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	<strong>OIL PRICES</strong><br />
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		il rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China &quot;on hold&quot;. Brent crude futures were up 35 cents at $78.86 a barrel, having hit a high above $80 last week, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $71.57 a barrel.</div>
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		A possible U.S. trade war with China is &quot;on hold&quot; after the world&#39;s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday, giving global markets a lift in early trading on Monday.</div>
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	<em>(with Reuters inputs)</em></div>
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MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Business Standard

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag | News on Markets - Business Standard

<strong>SGX Nifty</strong><br />
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The SGX Nifty was at&nbsp;10,622.50, up&nbsp;0.07 per cent from the previous close.

<strong>Asian Markets</strong><br />
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	Stocks rose on Monday as US Treasury Secretary Steven Mnuchin declared the US trade war with China &quot;on hold&quot; following an agreement to drop their tariff threats that had roiled global markets this year.</div>
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	MSCI&#39;s broadest index of Asia-Pacific shares outside Japan advanced 0.55 per cent in early trade, led by strong gains in greater China. Hong Kong&#39;s Hang Seng was up 1.0 per cent, Taiwanese shares 1.1 per cent and mainland shares 0.4 per cent. Japan&#39;s Nikkei gained 0.4 per cent.</div>

<strong>Wall Street</strong><br />
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	On Wall Street, The S&amp;P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with US-China trade talks.</div>
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	The Dow Jones Industrial Average was essentially flat, ending the session at 24,715.09, the S&amp;P 500 lost 7.16 points, or 0.26 per cent, to 2,712.97 and the Nasdaq Composite dropped 28.13 points, or 0.38 per cent, to 7,354.34.</div>

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