Sensex today: Sensex gets 505 points on global sales, Nifty ends below 11,400

NEW DELHI: After two days of victory, Sensex, the BSE benchmark, dropped by more than 500 points on Monday, the poor performance of Asian peers facing worries related to the trade war having weighed on investor sentiment.

According to the latest reports, US President Donald Trump is expected to announce another series of tariffs on Chinese products worth $ 200 billion.

A fall in the rupee despite the government's efforts to halt its decline has further depressed investors at Dalal Street.

The national currency has again plunged below the level of 72, despite a comeback on Friday. The unit has reached an intraday trough of 72.68 against the US dollar.

"Nifty started the week on a mediocre note and lost more than 1%, mainly under pressure from global signals.It opened the gap and remained under pressure until the end. escalating the trade war between the US The sector indices have evolved in line with the benchmark and have closed down, "said Jayant Manglik, president of Religare Broking.

BSE Sensex accumulated 505.13 points, or 1.33% to 37,585.51. A sharp decline in heavyweights in the index, Reliance Industries, HDFC, HDFC Bank, ITC and Infosys, resulted in the decline in the index of 30 stocks. Only 5 actions managed to close the session slightly higher while the other 26 ended up in the red pool.

Sun Pharma fell 2.85% to Rs. 646.15 and was the biggest loser in the index while PowerGrid was the best performer with gains of 0.70%. Other stocks that closed in the green were TCS, Adani Ports, IndusInd Bank and Tata Steel.

The NIFY NSE barometer dropped 137.45 points, or 1.19 percent, to 11,377.75 with 36 falling and 14 higher. In the 50-share index, Bajaj Finance was the biggest loser, while BPCL was the biggest winner.

The Midcap BSE and Smallcap BSE lost 0.76% and 0.05% respectively to outperform the Sensex.

In the sectoral area, only Nifty IT and Nifty Realty close their doors on a positive note. Nifty Realty gained 1.13% to close at 269.15 points.

Financial, banking, pharmaceutical, FMCG and automotive stocks slid 1.50%.

By the way, the pan-European STOXX 600 index dropped to 0.2, while the German DAX fell by half a percent. The French CAC 40 and the British FTSE 100 fell by 0.2% and 0.1% respectively.