You are here: Home » Markets » News
Business Standard

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Catch all the market action here.

SI Reporter  |  New Delhi 

The Sensex and Nifty dived more than 1 per cent on Friday, in line with global markets as heated rhetoric between the United States and China over import tariffs led to global trade war fears. The S&P BSE Sensex ended at 32,597, down 410 points while the broader Nifty50 index settled at 9,998, down 117 points. US President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of Chinese goods including steel, although the measures have a 30-day consultation period. In retaliation, China unveiled plans to impose tariffs on up to ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Exclusive invite to select Business Standard events.

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

MARKET COMMENT Mayuresh Joshi, Fund Manager, Angel Broking Trade war is expected to trigger a slowdown in industrial investments and also in output. That is what is putting pressure on world markets. If the Nifty cracking below the 10,000 mark is any indication, then the Indian markets are surely sufficiently worried.

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

MARKET COMMENT Jayant Manglik, President, Religare Broking Nifty fell sharply today and breached its crucial support at 10000, pressurized by weak global cues. The escalation of trade war between the US and China triggered selling pressure across the global including ours. After the gap down start, Nifty remained sideways and failed to see any significant recovery. The decline was broad-based wherein Realty and PSU banking counters were the top losers for the second consecutive session.   Earlier we're struggling with our own issues and pressure from the global front has worsened the situation. Besides, the breakdown of major psychological support at 10000 will further add to the worries. Traders have no option but to stay with the trend and use bounce to create fresh shorts. Nifty has next support at 9900.

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

MARKET COMMENT Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan   The Nifty has slipped significantly from the all time high of 11,171 registered in January this year. On the way down it has broken certain crucial supports & today another major support i.e. the psychological mark of 10,000 gets added to the list. This shows that the bears are clearly having upper hand on the index.    During the course of the fall since January, each attempt to form pullback fizzled out near the crucial daily moving averages, which have attracted fresh round of selling each time. The recent bounce that lasted for couple of sessions couldn’t even reach those averages thus highlighting the bearish momentum. The same is evident from the momentum indicators as well; as the number of momentum indicators on various time frames are in sync with the bearish price action & are suggesting that the fall is far from over.    In terms of Elliott Wave Theory, Nifty is witnessing wave extension on the downside, which means further downside over next few sessions. On the downside 9,830-9,800 will now be the initial area to watch out for with potential to slide down to 9,600 in the medium term. On the other hand, 10100-10230 shall act as a key hurdle zone.

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Nifty Bank index slips to a 9-month low, ends 1.95% down. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME YES BANK 286.65 298.25 -11.60 -3.89 21616971 CANARA BANK 244.75 254.65 -9.90 -3.89 6281487 AXIS BANK 499.50 518.20 -18.70 -3.61 29385012 PUNJAB NATL.BANK 93.15 96.55 -3.40 -3.52 23072291 ST BK OF INDIA 234.80 241.55 -6.75 -2.79 27145286

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Nifty Metal index cracks 2.90%. Top losers:  COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME S A I L 68.70 73.70 -5.00 -6.78 29845011 JINDAL STAIN .HI 155.30 165.40 -10.10 -6.11 992006 VEDANTA 276.00 291.80 -15.80 -5.41 13284893 JINDAL STEEL 213.75 224.90 -11.15 -4.96 19679234 HINDALCO INDS. 206.10 216.80 -10.70 -4.94 12818084

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Sectoral Trend

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

BSE Sensex: Axis Bank, Yes Bank, ICICI Bank, SBI among top losers

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Market at close   The S&P BSE Sensex ended at 32,597, down 410 points while the broader Nifty50 index settled at 9,998, down 117 points.

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Gitanjali Gems falls below face value at Rs 9.65; tanks 85% in six weeks Gitanjali Gems is locked in lower circuit of 5% at Rs 9.65, and has slipped below its face value of Rs 10 on the BSE. The stock is trading at fresh record low, down for the 26th straight sessions.   It has lost as much as 85% from Rs 62.85, since February 14, the day the Punjab National Bank (PNB) fraud came to light. READ MORE

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Union Bank of India shares slump after lender makes fraud complaint Union Bank of India Ltd shares fell to a more-than 11-year low on Friday after federal police registered a case against a private company for allegedly cheating eight lenders, including Union Bank, out of 13.94 billion rupees ($214 million).   The Central Bureau of Investigation (CBI) registered the case against Hyderabad-based Totem Infrastructure and directors after a complaint from Union Bank, which the CBI said had been cheated out of about 3.14 billion rupees. READ MORE

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Gold Update Gold prices rose to a two-week high on a softer dollar as investors scurried to safety after US President Donald Trump took a step towards long-promised anti-China tariffs, stoking fears of a global trade war.   US gold futures for April delivery rose 1.12 per cent to $1,342.30 per ounce.

First Published: Fri, March 23 2018. 15:32 IST
RECOMMENDED FOR YOU

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Catch all the market action here.

The Sensex and Nifty dived more than 1 per cent on Friday, in line with global markets as heated rhetoric between the United States and China over import tariffs led to global trade war fears. The S&P BSE Sensex ended at 32,597, down 410 points while the broader Nifty50 index settled at 9,998, down 117 points. US President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of Chinese goods including steel, although the measures have a 30-day consultation period. In retaliation, China unveiled plans to impose tariffs on up to ...

image
Business Standard
177 22