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In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap ended 1.4 per cent lower.

Markets, Up, Down, BSE, NSE, Stocks

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	The benchmark indices settled over 1 per cent lower as the rupee hit a new record low of 72.72&nbsp;in intra-day deals.<br />
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		The S&P BSE Sensex ended at 37,413, down 509 points while the broader Nifty50 index settled at 11,287, down 151 points. In the broader markets, both&nbsp;S&P BSE MidCap and&nbsp;S&P BSE SmallCap ended 1.4&nbsp;per cent lower.</div>
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		Shares of fast moving consumer goods (FMCG) companies were under pressure with Nifty FMCG index hitting its six-week low, falling 8% so far in the current month on the National Stock Exchange (NSE) on valuation concerns in intra-day deals. ITC, Godrej Consumer Products, Colgate Palmolive (India), Hindustan Unilever (HUL), Marico and Jubilant FoodWorks among the key FMCG stocks that lost up to 4% on the NSE.<br />
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		Investors have lost a whopping Rs 4.2 trillion in the stock markets in past two trading sessions after the benchmark indices fell more than 2% as the rupee hit new lows, while fears of an escalation in the US-China tariff dispute continued to haunt investors in broader Asian markets. <a href="https://www.business-standard.com/article/markets/investors-lose-rs-4-trillion-in-two-trading-days-118091100562_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<strong>Market voice</strong><br />
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		Marc Faber, a renowned global investor and&nbsp;editor and publisher of &lsquo;The Gloom, Boom & Doom Report&#39; told <em>Business Standard</em> in an interview that he finds&nbsp;Indian stocks expensive at the current levels. <a href="https://www.business-standard.com/article/markets/indian-stocks-are-expensive-rupee-can-hit-100-marc-faber-118091100166_1.html" target="_blank"><strong>READ THE FULL INTERVIEW HERE</strong></a><br />
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	<strong>Global Markets</strong></div>
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	Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a further escalation in the Sino-US trade war haunted investors, while the pound perched at a five-week top on hints a Brexit deal might be nearer.<br />
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan eased 0.05 per cent but did hold above lows last visited in July last year. Shanghai blue chips dipped 0.2 per cent while South Korea fell 0.2 per cent as investors awaited the next round of trade hostilities.</div>
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<em>(with Reuters inputs)</em>

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Business Standard

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low | News on Markets - Business Standard

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	<strong>Asia shares relieved by trade lull</strong></div>
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	Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.</div>
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	MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan wavered either side of flat having hit its lowest since July last year on Monday. Japan&rsquo;s Nikkei fared better on the back of a softer yen and climbed 0.6 per cent.</div>

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	<strong>S&amp;P, Nasdaq edge higher after recent losses</strong></div>
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	US stocks mostly edged higher on Monday, with the S&amp;P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple kept gains in check. The Dow Jones Industrial Average fell 59.47 points, or 0.23 per cent, to 25,857.07, the S&amp;P 500 gained 5.45 points, or 0.19 per cent, to 2,877.13 and the Nasdaq Composite added 21.62 points, or 0.27 per cent, to 7,924.16.</div>

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