Nifty Metal index ends 1.79% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) JINDAL STEEL 206.95 223.05 -16.10 -7.22 JSW STEEL 313.40 326.80 -13.40 -4.10 NATL. ALUMINIUM 62.05 64.70 -2.65 -4.10 JINDAL STAIN .HI 129.35 134.25 -4.90 -3.65 S A I L 80.20 83.00 -2.80 -3.37 Nifty sectoral losers of the day BSE Sensex: Bharti Airtel, NTPC among top losers of the day, Asian Paints top gainer Market at close The S&P BSE Sensex ended at 35,264, down 159 points while the broader Nifty50 index settled at 10,657, down 57 points. Gold extends losses on global cues, low demand Gold prices shed Rs 20 to Rs 31,400 per ten grams at the bullion market today amid a weak trend overseas and easing demand from local jewellers. Silver also remained under selling pressure and lost Rs 250 at Rs 40,350 per kg owing to reduced offtake by industrial units and coin makers. READ MORE Bharat Hotels files Rs 1,200-cr IPO papers Bharat Hotels, which runs five-star properties under 'The LaLiT' brand, has filed draft prospectus with capital markets regulator to garner Rs 1,200 crore through its initial share-sale. The initial public offer (IPO) comprises sale of fresh equity shares to the tune of Rs 1,200 crore, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). READ MORE
The S&P BSE Sensex ended at 35,264, down 159 points while the broader Nifty50 index settled at 10,657, down 57 points.
Among sectoral indices, the Nifty Metal index ended 1.8 per cent lower led by a fall in the shares of Jindal Steel & Power and National Aluminium Company. The Nifty Realty index also ended 1.4 per cent lower as stocks of Indiabulls Real Estate and Housing Development and Infrastructure declined.
A renewed slide in Chinese shares and a sobering set of factory surveys sucked Asian markets lower on Monday, while the euro and the Mexican peso were both jolted by political developments at home. Shanghai blue chips resumed their slide with a fall of 2.3 percent that soured sentiment across the region.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, adding to a 2 percent drop last week. Japan's Nikkei shed 2.2 percent to an 11-week low, with a survey of manufacturers showing sentiment had darkened a shade in the face of trade war threats.
On macro front, India’s manufacturing conditions improved in June at the strongest pace since December 2017, supported by the sharpest gains in output and new orders in 2018 so far. Reflecting greater production requirements, firms were encouraged to engage in purchasing activity and raise their staffing levels. On the price front, input cost inflation was the sharpest since July 2014, whilst output charges rose at a stronger pace. Business confidence eased to the weakest since last October.