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Weakness persisted on the bourses in mid-morning trade as index pivotals remained gripped in selling pressure. At 11:27 IST, the barometer index, the BSE Sensex, was down 371.67 points or 1.04% at 35,512.74. The index was down 127.35 points or 1.18% at 10,655.55. Auto stocks fell.

Trading for the day began on a subdued note as the key benchmark indices saw a gap-down opening on negative Asian stocks. Stocks extended initial losses in morning trade.

Provisional data released by the stock exchanges showing that local and foreign funds, both, were net sellers of Indian stocks yesterday, 5 December 2018, also weighed on the sentiment. The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 357.82 crore. Domestic institutional investors (DIIs) sold shares worth a net Rs 791.59 crore.

The BSE Mid-Cap index was down 1.26%. The BSE Small-Cap index was down 1.24%.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 505 shares rose and 1576 shares fell. A total of 101 shares were unchanged.

Auto stocks fell. (down 4.49%), (down 1.68%), (down 2%), (down 1.83%), Escorts (down 2.54%), (down 0.67%), (M&M) (down 0.65%), (down 0.75%) and (down 4.1%) declined.

rose 1.66% to Rs 420.45 on bargain hunting after a recent slide. Shares of fell 15.99% in three trading sessions to settle at Rs 413.60 yesterday, 5 December 2018, from its close of Rs 492.30 on 30 November 2018.

lost 2.39%. UROS Group, a global innovator in of Things (IoT) solutions and smart connectivity, is collaborating with Tata Communications, a leading digital infrastructure provider, to support the deployment of IoT and across large commercial and public sector organisations globally. This collaboration will leverage the latest technologies and industry resources of both companies. The announcement was made after market hours yesterday, 5 December 2018.

On the political front, state assembly elections are being be closely watched. Polling in and Telangana will be held tomorrow, 7 December 2018. Assembly elections in and were held on 28 November 2018. The election to the 90-member Assembly was held in two phases 12 and 20 November 2018. Counting of votes will be held across all the five states on 11 December 2018.

Overseas, Asian stock prices fell Thursday amid growing uncertainty about the global economy and Donald Trump's tariff policies on

Meanwhile, said economic risks from abroad could be severe. The US Federal Reserve's Beige Book report showed there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. Trump's get-tough approach to trade was causing rising costs for manufacturers and weaker sales at companies, it said.

Trading in US index futures indicated that the Dow could slump 322 points at the opening bell today after arrested a top of giant at the request of the US, a move that is seen as exacerbating tensions between the US and

The US and were both closed on Wednesday to mark the day of mourning for the late former George H.W. Bush, who died on November 30 at age 94.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 11:31 IST