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Shares tumble on weak global cues

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The domestic market tumbled, extending its sharp fall from the previous session, as concerns over escalating tensions surrounding the US-trade war continued to haunt investors. The barometer index, the S&P Sensex, fell 509.04 points or 1.34% to 37,413.13, as per the provisional closing data. The index fell 150.60 points or 1.32% to 11,287.50, as per the provisional closing data.

Among secondary barometers, the Mid-Cap index fell 1.36%. The Small-Cap index was fell 1.37%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was weak. On BSE, 884 shares rose and 1833 shares fell. A total of 150 shares were unchanged.

Power Grid Corporation of (down 3.39%), (down 3.22%), (down 3.1%), (down 3%), (down 2.87%), (down 2.01%), (down 1.94%) and (down 1.53%), were the major Sensex losers.

Coal (up 1.82%), (up 0.63%), (up 0.38%), NTPC (up 0.38%) and Asian Paints (up 0.04%), were hte major Sensex gainers.

fell 1.63%. The company said that one of its wholly-owned subsidiaries has agreed to acquire 18.75% stake in Israel-based for $3 million. The company is an early-stage research and development company focusing on development of drug candidates in the field of ophthalmology. The announcement was made after trading hours yesterday, 10 September 2018.

Overseas, markets in and were trading lower as the spectre of a Sino-US trade war haunted investors. US stocks closed mostly higher Monday, with the and the Nasdaq each snapping a four-day losing streak on the back of a recovery in

The reportedly announced that it was in the process of coordinating a second meeting between US and North Korean leader

Trade also remains another focal point for markets, with and the US yet to secure a deal that would replace the North American Free Trade Agreement. Trump announced last Friday that he was ready to slap tariffs on an additional $267 billion of Chinese imports, on top of the $200 billion already in the administration's sights.

On the data front, consumer borrowing picked up in July, according to the Federal Reserve on Monday. Total consumer credit rose $16.6 billion in July to a seasonally adjusted $3.91 trillion. That's an annual growth rate of 5.1%.

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

First Published: Tue, September 11 2018. 15:33 IST