Industry And Cluster | News & Insights

US-China Trade War sent stock prices crashing World Over.

Published: May 21, 2019
Indices lose up to 1.3% as trade uncertainty between US and China hits markets globally

Indian stocks slumped to a two-month low on Wednesday, tracking weakness in global markets amid renewed trade uncertainty between the world’s two largest economies—the US and China. The Sensex and Nifty logged a sixth consecutive day of losses, taking the total decline across these sessions to more than 3% while Rs. 5.58 lakh crore of market capitalisation was wiped out on the BSE. The Sensex fell 487.5 points or 1.3% to close at 37,789.13 and the NSE Nifty slipped 138.45 points or 1.2% to end at 11,359.45 on Wednesday. Other Asian markets fell 0.4-1.5%. The BSE SmallCap index also logged a sixth day of losses, ending down 1.2% while the BSE MidCap index fell 1%, ending down for the eighth consecutive session. The Bank Nifty also closed at a two-month low. Reliance Industries has contributed about 300 points out of the near 1,300-point fall in the Sensex in the last six sessions. The risk-off sentiment was reflected in overseas flows, with foreign portfolio investors (FPIs) offloading Indian shares worth Rs. 701.5 crore on Wednesday on a provisional basis. Domestic institutional investors were net buyers of Indian stocks worth Rs. 233 crore.

Related Posts

Over 400 brands gear up to showcase innovative gifting, stationery, houseware and decor solutions this week

Okhai launches Helpline for rural artisans across India on the occasion of International Day of Rural Women

Ministry Seeks Partnerships For Textile Training Scheme

ART Fertility Clinics Collaborates with NDTV to Tackle Infertility Taboos through its Campaign – “Let’s Talk Infertility”