Sensex tanks 293 points on weak Asian cues; Nifty below 10400-mark

Sensex tanks 293 points on weak Asian cues; Nifty below 10400-mark

Meanwhile, the NSE and the BSE, along with banks, Stock Holding Corporation of India Limited (SHCIL), and designated post offices, has started selling Sovereign Gold Bond, 2018-19-Series-I bonds from Monday.

The NSE Nifty index was trading 13 points down at 10,468, while the BSE Sensex was down 51 points at 34,141 around 10:50 am (IST).

Tata Motors Ltd shares declined over 2% after a news report said that Jaguar Land Rover is planning to cut almost 1,000 jobs as it scales back production at some of its United Kingdom sites.

Shares of Infosys fell 3.86 per cent to Rs 1,123.90 less-than-expected FY19 revenue guidance. However, Japan's Nikkei was up by 0.26 percent.

IMD predicts normal monsoon, forecasts 97 per cent rainfall
According to the weatherman, below 90 per cent rainfall is considered deficient and at 95 per cent it is considered below normal. India had faced deficient rains during monsoon season in 2015 and 2014, making both these years drought years.

The 30-share barometer fell by 293.31 points (0.85 percent) to 33899.34. The broader NSE Nifty too, gained nearly half a per cent to close at 10,528.35.

On Saturday, US, France and Britain launched 105 missiles targeting what the Pentagon said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on 7 April.The Syrian government and its ally Russian Federation have denied involvement in any such attack. Despite volatility, key indices pocketed modest gains throught-out the weeks trading days, only seen for second time since last one year as the investor sentiment remained buoyant on earning optimism, while remained resilience to incessant global uncertainties.

Foreign institutional investors (FIIs) sold shares worth Rs 399.59 crore on net basis on Friday, provisional data showed. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99. Both Sensex and Nifty traded above 1-month high.

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