INSUBCONTINENT EXCLUSIVE:
Market breadth was negative with 777 stocks on the BSE enjoying gains and 1,171 struggling with losses
Domestic stock markets trimmed losses in late morning deals on Friday as buying emerged in automobile stocks, amid losses in global peers
At 11:00 am, the S-P BSE Sensex index traded 100.24 points - or 0.27 per cent - lower at 37,211.29, while the broader NSE Nifty benchmark
was down 24.45 points - or 0.22 per cent - at 11,004.95
A selloff across sectors barring automobile stocks still pulled the markets lower, led by financial, information technology, metal and
Here are 10 things to know:Top percentage laggards on the 50-scrip index at the time were Indiabulls Housing Finance,
Vedanta, Hindalco, Tata Motors, Dr Reddy's , JSW Steel and Tata Steel, struggling with losses of between 1.47 per cent and 7.71 per cent
Reliance Industries, Infosys, HDFC Bank, ICICI Bank and SBI were the top drags on the Sensex.Market breadth was negative with 777 stocks on
the BSE enjoying gains and 1,171 struggling with losses
On the NSE, 620 stocks advanced while 1,018 declined.Indiabulls Housing Finance shares plunged as much as 9.67 per cent, after credit
ratings major Moody's downgraded the mortgage lender's corporate family rating to "Ba2" from "Ba1", and changed its outlook to negative
from stable.The Sensex lost as much as 337.12 points to touch 36,974.41 on the downside earlier on Friday, and the Nifty dropped to
10,924.30, down 105.1 points from the previous close.The sectoral Nifty Auto index - comprising auto manufacturers and ancillaries - rose as
negative territory after four straight days of gains, falling as much as 1.17 per cent in intraday trade.Analysts say that with the earnings
season and key macroeconomic data now behind, some volatility can be expected in the near term in the absence of domestic cues.Equities in
other Asian markets fell and were headed for weekly losses as conflicting messages on the US-China trade war only added to worries for the
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.17 per cent, to be down 1.4 per cent for the week
Japan's Nikkei fell 0.5 per cent, making a loss of 1.8 per cent on the week.US President Donald Trump said on Thursday he believed China
wanted to make a trade deal and that the dispute would be fairly short
Beijing vowed to counter the latest tariffs on $300 billion of Chinese goods but called on the US to meet it halfway on a potential trade
deal.The markets were set to end the three-day trading week on a lower note
The Indian financial markets remained shut on Monday and Thursday
On Wednesday, the Sensex and Nifty had ended 0.96 per cent and 0.95 per cent higher.(With inputs from Reuters)Get Breaking news, live
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