Sensex falls almost 300 points; Infosys tanks 4%

  • Sensex falls almost 300 points; Infosys tanks 4%

Sensex falls almost 300 points; Infosys tanks 4%

Sensex today: The benchmark indices pared all intraday losses to trade at day's high on Monday tracking mixed trend seen in Asian markets as relief US-led strikes on Syria looked unlikely to escalate was tempered by concerns at Russia's potential reaction to new sanctions from Washington. The 50-share Nifty50 index closed the day 48 points, or 0.46 per cent up, at 10,528 with 34 stocks in the green.

India's exports dipped by 0.66 per cent to Dollars 29.11 billion in March, even as they increased by 9.78 per cent for the full 2017-18 fiscal.

The BSE's Sensex ended 112.78 points higher at 34,305.43, while Nifty edged marginally above 10,500 to trade at 10,528.35.

In Fridays' trading session, FII's sold 399 crores stock in the cash market whereas DII's bought 306 crores worth of stock.

In the Sensex kitty, Hero MotoCorp emerged best performer by surging 2.02 per cent, followed by Kotak Bank 1.88 per cent.

Major losers were Tata Motors DVR, Tata Motors, Infosys, Axis Bank, Tata Steel, ONGC and SBI.

On the other hand, stocks of Tata Motors suffered the most by crashing 4.96 per cent after Jaguar Land Rover said it is planning to cut jobs to scale back production at some of its United Kingdom sites.

Tata Motors which closed 4.96% lower at 339 level was the top Sensex loser on reports that Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales caused by uncertainty around Brexit and confusion over diesel policy.

RIl 0.17 per cent, Bharti Airtel 0.16 per cent, Wipro 0.15 per cent and Coal India 0.09 per cent.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 0.88%. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99.

Among other Asian markets, Hong Kong's Hang Seng shed 1.44 per cent, while Shanghai Composite Index was down 1.05 per cent in early trade. London's FTSE down 0.40 per cent.