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Sensex ends with small losses

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Capital Market

Domestic stocks ended on a flat-to-negative note. The barometer index, the S&P BSE Sensex, fell 19.41 points or 0.05% to settle at 35,443.67. The Nifty 50 index fell 0.70 points or 0.01% to settle at 10,767.65. Intraday volatility was high.

Among secondary barometers, the BSE Mid-Cap index rose 0.42%. The BSE Small-Cap index rose 0.58%. Both these indices outperformed the Sensex.

Among the sectoral indices on BSE, the S&P BSE Healthcare index (up 3.62%), the S&P BSE IT index (up 0.77%) and the S&P BSE Teck index (up 0.73%) outperformed the Sensex. The S&P BSE Power index (down 0.74%), the S&P BSE Metal index (down 0.43%) and the S&P BSE FMCG index (down 0.36%) underperformed the Sensex.

 

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 67.77, compared with closing of 67.1250 during the previous trading session.

Overseas, European stocks followed Asian peers lower as cyclical sectors including autos and mining dropped amid trade tensions ahead of the G7 summit. Asian stocks declined after the mixed close on Wall Street. Worries over global trade relations ahead of a key meeting of global leaders weighed on investor sentiment as well. Asian shares also fell as risk appetite turned weak on bets that Europe's massive monetary stimulus was nearing an end.

In US, the S&P 500 and Nasdaq Composite ended with modest losses on Thursday, as a selloff in major technology shares put pressure on the benchmarks. Traders were cautious as leaders of the Group of Seven nations kicked off a summit in Canada. The G-7 summit takes place in Canada on Friday, 8 June 2018, and Saturday, 9 June 2018, with the issues related to protectionism and international trade expected to take center stage.

In global commodities markets, Brent crude oil futures edged lower. Brent for August 2018 settlement was off 50 cents at $76.82 a barrel.

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First Published: Jun 08 2018 | 3:43 PM IST

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