November 18, 2017

Sensex falls 131 points, Nifty below 10300

13 November 2017, 06:27 | Silvia Roy

Sensex Nifty trade in red RCom among top losers

Sensex Nifty trade in red RCom among top losers

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.

At 1.30 PM: Sensex was down by over 126 points or 0.38% at 33,187.91 while the wider Nifty was down by 46 points or 0.45% at 10,275.20.

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The objective of tax reform is to provide middle-income tax relief and to enable our businesses to grow and our economy to grow. Trump said on Fox News' "Fox & Friends".

The benchmark Sensex today ended lower by 0.84 per cent or 281 points at 33,033.56, breaking its two-session gaining spree following a fall in heavyweights like Adani Ports, Coal India, L&T and RIL. "The Nifty hit its lowest level in nearly three weeks", Jasani added.

The bears tightened their grip on Dalal Street as both Nifty and Sensex slipped almost a per cent on Monday ahead of CPI inflation to be released later in the day amid mixed global cues and rising concerns over escalating crude oil prices.

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He also reiterated: "It is a government company and rights to the logo have been transferred to the company". The TMC's Youth Wing organised a protest rally in the city on Monday to counter Roy's allegations.

The rupee opened at 65.38 a dollar and touched a one-month low of 65.39. Market sentiment was also affected by anticipation over the consumer price inflation data for October expected later on Monday. "Despite significant tax relief at the recent GST council meet, expectation of rise in CPI and WPI inflation added to the cautiousness", said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

Except the BSE IT index (up 0.18 per cent), other sectoral indices ended in red.

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The leaders will exchange views on bilateral relations as well as regional and global developments, particularly Syria . The meeting , which is closed to the media, started at 5.20 p.m local time (1420GMT).

Provisional data with the exchanges showed that foreign institutional investors sold stocks worth Rs 233.56 crore, while domestic institutional investors divested scrips worth Rs 268.77 crore.

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