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

Forex Rate Today Rupee Falls 20 Paise Against US Dollar in Early Trade

One Rupee Coin

The broader NSE Nifty too struggled before ending well above the 10,500-mark.

According to official data released on Monday, India's WPI inflation softened to 2.47 per cent in March from a rise of 2.48 per cent reported for February and an acceleration of 5.11 per cent in the corresponding month of a year ago. Nasdaq and S&P 500 was also down by 0.47 percent and 0.29 percent respectively.

The downtrend was led by index heavyweight Infosys, which slipped 3% after its FY19 growth outlook disappointed the street.

Shares of UCO Bank plunged 8% on the BSE after the media report suggested that the Central Bureau of Investigation (CBI) has booked former chairman-cum-managing director of the bank's Arun Kaul and others in connection with an alleged Rs621cr loan fraud.

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There is also a fingerprint scanner on the rear and keep in mind that this smartphone does not feature a 3.5mm audio jack. There are features like Smart Stamina, Stamina Mode, Qnovo Adaptive Charging, Quick Charge 3.0 and Qi Wireless Charging.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent.

Healthcare, FMCG and capital goods stocks saw buying interest.

Volatility index India VIX was up 4.45% at 14.7700.

The Sensex touched a high of 34,124.25 points and a low of 33,899.34 points during the intra-day trade so far.

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Both the headphones offer up to 20 hours of backup while the WH-CH300 with a neckband design promises eight hours of battery life. They will be available starting today in multiple color options with SRS-XB21 available in black, blue, red and white colours.

On the NSE, the top gainers were Cipla, Grasim Industries and Lupin, while the top losers were Tata Motors, Infosys and Vedanta.

Other major laggards were Wipro, Tata Motors, ONGC, Axis Bank, NTPC, RIL, Dr. Reddy's, SBI, ICICI Bank, Bharti Airtel, Asian Paints, Maruti Suzuki and Tata Steel, falling by up to 1.54 percent.

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.

The rupee fell 20 paise to 65.40 against the United States dollar in early trade on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities. The historical evidence suggests geopolitical risk as an excellent opportunity "to buy the fear" as near term weakness see long term gains.

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Quotable: "I mean, I don't think there's any insane bad blood beside what (the media) stirred up", Stanton said . Sometimes it takes a little bit of time , but I like how the guys are at least going about their business.

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