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Most sectoral indices on BSE slide

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The S&P BSE IT index, the S&P BSE TECK index and the S&P BSE Auto index were the major losers among the sectoral indices.

Key benchmark indices were trading on a weak note as bluechips like Reliance Industries, HDFC and Infosys came under selling pressure. The barometer index, the S&P BSE Sensex, was down 545.02 points or 1.57% at 34,234.56.

Among the sectoral indices on BSE, the S&P BSE IT index (down 2.74%), the S&P BSE TECK index (down 2.48%), the S&P BSE Auto (down 1.66%), the S&P BSE Oil & Gas index (down 1.3%), the S&P BSE Healthcare index (down 1.23%), the S&P BSE Capital Goods index (down 1.1%), the S&P BSE Consumer Durables index (down 0.98%), the S&P BSE Realty index (down 0.86%), the S&P BSE Bankex index (down 0.68%), the S&P BSE Power index (down 0.35%) edged lower. The S&P BSE FMCG index (up 0.09%) and the S&P BSE Metal index (up 0.13%) edged higher.

Overseas, European stocks were trading lower, extending Thursday's losses. Stocks in Asia were mixed on Friday after China's GDP growth for the third quarter of 2018 came in below expectations. Issues ranging from trade worries, Italy's 2019 budget and higher US interest rates also worried investors.

US stocks closed sharply lower Thursday, dogged by worries about global growth and as investors continued to weigh minutes of the Federal Reserve's September meeting, which were viewed as hawkish.

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

First Published: Fri, October 19 2018. 14:37 IST