INSUBCONTINENT EXCLUSIVE:
Sensex, Nifty on Wednesday: IT stocks were the biggest sectoral gainers as TCS shares closed 5% higher.Domestic stock markets swung between
gains and losses all through Wednesday's trading session before ending the day marginally higher
Escalating trade war concerns between the US and China made Dalal Street cautious, analysts said
The SP BSE Sensex settled at 36,265.93, up 1.05 points or 0.01 per cent while the broader Nifty50 closed at 10,948.30, with a gain of 1.05
Twenty out of 50 Nifty stocks ended higher
company reported performance in the April-June quarter.Among the top gainers in the Nifty pack were TCS, Bharti Infratel (up 3.18 per cent),
Bajaj Auto (up 2.43 per cent), Hindustan Unilever (up 1.83 per cent), and Reliance Industries (up 1.39 per cent)."The markets are cautious
ahead of the release of the list of Chinese imports (worth $200 billion) which are likely to face tariffs
The overall sentiment in the global markets has turned pessimistic due to trade tensions," said Viral Berawala, CIO, Essel Mutual
Fund.Shares of eleven out of 12 public sector banks closed lower while FMCG and realty stocks gained along with IT shares.In the broader
markets, the SP BSE Midcap index lost 0.67 per cent and the SP BSE Largecap index ended 0.09 per cent higher.Investors will watch out for
key macro data scheduled to be released on Thursday, said experts
After a smart upmove, some consolidation cannot be ruled out in the coming sessions
Key domestic macro events like May IIP, June CPI inflation data and corporate earnings season will provide further direction to the markets
in the near termTraders should avoid risky leveraged positions," said Jayant Manglik, President, Religare Broking Ltd.Global stocks fell and
metals prices slumped to their lowest in a year, according to a report by news agency Reuters
The threat of imposition of tariffs by the United States on the additional $200 billion worth of Chinese goods pushed the world's two
and the yuan weakening towards 11-month lows registered last week, down 0.4 per cent to 6.66 per dollar
Hong Kong's Hang Seng lost more than 1 per cent, as did Japan's Nikkei as the yen received something of a safety bid.Europe's main bourses,
also taken aback as US President Donald Trump kicked off a NATO summit in Brussels by accusing Germany of being a "captive" of Russia, saw
