INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Adding to their morning gloom, domestic benchmark indices extended their fall in late afternoon trade and fell over one percent,
points or 1.30 per cent down at 35,781.93
While, NSE Nifty shed 145.70 points or 1.35 per cent to 10,764.40.
Here are top factors that pulled down market on Wednesday.
Bearish global
cuesStocks fell across Europe and Asia and US futures turned lower after evidence of slowing Chinese growth dashed investor hopes for an
upbeat start to 2019, Bloomberg reported.
China's factory activity contracted for first time in over two years in December.
Fresh fall in
rupeeDepreciation in Indian rupee hit market mood
The rupee was trading 61 paise down at 70.04 against greenback in later afternoon session.
Weak macro dataMarket sentiment also took a hit
The growth was hit because of competitive pressures, labour affairs and challenging public policies
GST mop-upGST collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in previous month.
The finance
ministry in a statement said of Rs 94,726 crore collected, Central GST (CGST) collection was Rs 16,442 crore, State GST (SGST) was Rs 22,459
crore, Integrated GST (IGST) was Rs 47,936 crore and Cess was Rs 7,888 crore.
Motown enters slow laneAuto stocks plummeted after major
companies, including Eicher Motors, Mahindra and Mahindra, Tata Motors and Maruti Suzuki India, reported lower-than-expected sales numbers
for December.
Royal Enfield on Tuesday reported a 13 per cent decline in total sales to 58,278 units in December
On other hand Tata Motors reported an 8 per cent decline in domestic sales to 50,440 units in December as compared with 54,627 units in same
