INSUBCONTINENT EXCLUSIVE:
to end at 35,884.41 while the NSE Nifty ended down 86.60 points, or 0.7 per cent, to close at 10,784.95
Key Asian indices ended down 0.4-1.6 per cent.
On Tuesday night, US markets fell over 3 per cent after the initial euphoria over the
US-China agreement on tariff ceasefire waned after conflicting comments from US President Donald Trump and some senior officials
over 6 per cent to Rs 413.60 also weighed on the Sensex and the Nifty
The stock hit an over five-year low on Wednesday even as the company made a clarification related to the corporate governance and
whistleblower issues.
Tata Steel, Vedanta, Tata Motors and Mahindra Mahindra were the other big laggards in the Sensex, ending down 3-4 per
There are concerns on growth peaking out, especially in the US
inflation outcome is undershooting RBI expectations
However, FY20 inflation expectation is higher than FY19 as the low food and sharp decline in oil prices are unsustainable
Madhya Pradesh but lose Rajasthan
Thus, a 3-0 score for the BJP may extend the current rally while a 0-3 or 1-2 loss (Madhya Pradesh and Rajasthan) for the BJP may result in
direction of oil prices based on the outcome of OPEC meeting on Thursday will also be keenly eyed by market participants.
On Wednesday,
Foreign Portfolio Investors net sold Indian shares worth Rs 358 crore and DIIs net sold Indian shares worth Rs 791.6 crore.
