INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Wednesday's session on a lacklustre note, with the benchmark Nifty index giving up the 11,900 level,
tracking weakness in Asian peers
The SP BSE Sensex declined as much as 113.55 points to 39,636.18 in early trade, and the NSE Nifty index moved to 11,896.45, down 32.3
points from the previous close
Losses in banking and auto stocks dragged the markets lower, however gains in information technology and pharmaceutical shares kept the
- or 0.08 per cent - at 11,919.45.Top laggards on the 50-scrip index at the time were Zee Entertainment, State Bank of India (SBI), Vedanta,
drags on the Sensex.Equities in other Asian markets sank and bonds rallied as investor sentiment soured over growing worries about world
growth with trade tensions between the US and China showing no signs of easing.MSCI's broadest index of Asia-Pacific shares outside Japan
slipped 0.5 per cent after three straight days of gains
Chinese shares started on the back foot with the blue-chip CSI300 off 0.5 per cent
Australian shares were 0.8 per cent lower while Japan's Nikkei faltered 1.4 per cent.In an indication US markets will fall again on
Wednesday, E-Minis for the SP 500 were 0.4 per cent lower.The Sensex and Nifty had registered record closing highs in past three
sessions.(With inputs from Reuters)
