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Among sectoral indices, the Nifty Metal index settled 1.4% lower led by a fall in shares of National Aluminium Company and Vedanta.

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			Benchmark indices ended slightly lower on Thursday with index heavyweights such as Infosys and Tata Steel losing ground, while a looming deadline for imposition of US tariffs on China also&nbsp; played on investors&rsquo; minds.<br />
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			The S&P BSE Sensex ended at 35,575, down 71 points. The broader Nifty50 index settled at 10,750, down 20 points. Among sectoral indices, the Nifty Metal index settled 1.4% lower led by a fall in shares of&nbsp;National Aluminium Company and Vedanta. The&nbsp;Nifty IT index, too, ended 1.1% lower led by a fall in the shares of&nbsp;Infosys (down 4.4 per cent) and&nbsp;KPIT Technologies.</div>
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			On S&P BSE Sensex, market heavyweight Reliance Industries (RIL) slipped 2.5% to end at Rs 965. Infosys was the top loser of the day on the 30-share index, falling 4.5% to end at Rs&nbsp;1284.50.<br />
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			<strong>RIL&#39;s 41st AGM</strong></div>
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				Reliance Industries Limited announced on Thursday the launch of high-speed Jio GigaFiber broadband, which aims to boost fixed-line connectivity in India, and an upgraded version of its Jio Phone with popular social media apps such as Facebook.</div>
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				At its 41st Annual General Meeting in Mumbai, RIL Chairman Mukesh Ambani announced the broadband for homes and enterprises across 1,100 cities and an e-commerce platform that may rival the likes of Amazon. He also spelt out the milestones achieved by Jio, which has disrupted the telecom industry and triggered a price war. <a href="https://www.business-standard.com/article/companies/reliance-announces-high-speed-broadband-services-jio-2-phone-with-whatsapp-118070500246_1.html" target="_blank"><span style="color:#800000;"><strong>READ MORE HERE</strong></span></a><br />
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		<strong>GLOBAL MARKETS</strong></div>
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		Asian stocks fell for the fourth day and major currencies traded in tight ranges on Thursday, with financial markets jittery before a US deadline to impose tariffs on Chinese imports just a day away.<br />
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan, which has been drifting lower since Monday, was down 0.5 per cent. The index has lost about 2 per cent this week, during which it plumbed a nine-month low.<br />
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		Japan&#39;s Nikkei lost 1 per cent, South Korea&#39;s KOSPI slipped 0.75 per cent, Hong Kong&#39;s Hang Seng was off 0.9 per cent and the Shanghai Composite Index fell 0.9 per cent.<br />
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		The United States plans to implement tariffs on $50 billion worth of imports from China as both nations remained locked in a bitter trade dispute that has convulsed global financial markets in recent weeks. On July 6, tariffs on $34 billion worth of imports will take effect, and Beijing has promised to retaliate in kind.</div>
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<em>(with Reuters inputs)</em>

MARKET WRAP: Sensex sheds 71 pts; Infy slips 4.4%, RIL falls 2.5% post AGM

Business Standard

MARKET WRAP: Sensex sheds 71 pts; Infy slips 4.4%, RIL falls 2.5% post AGM | News on Markets - Business Standard

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