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Sensex down by 60.73 points on weak Asian cues

Sensex down by 60.73 points on weak Asian cues

Mumbai, Nov 5 (UNI) The BSE Sensex on Monday ended weak by

60.73 points to end negative at 34,950.92 on brisk selling

in Power, Oil&gas, Healthcare, Capital goods and Consumer

durables stock, amid weak Asian Cues.

The Nifty of National Stock Exchange (NSE) too fell by

24.80 points to 10,528.20.

After opening in postive zone at 35,118.62 sensex rose

further to touch day high of 35,123.41 Sensex drifted lower

in early trade on negative Asian stocks. Key benchmark

indices cut losses in morning trade. Fresh selling dragged

the key benchmark indices to intraday low

0f 34,811.60 in mid-morning trade.

Stocks hovered in narrow range with small losses in

afternoon trade Indices cut losses in late trade.

Sensex registered day high and low at and 34,811.60

respectively.



The Nifty registered day high and low at 10,558.80 and

10.477.00 respectively.

The S&P BSE Mid-Cap fell 0.47 pc. and BSE Small-Cap index

fell 0.28 pc

The market breadth, indicating the overall health of the

market, was negative. On the BSE, 1290 shares rose and 1308

shares fell. A total of 194 shares were unchanged.

Overseas, European stocks were trading with small gains.

Asian stocks declined as fears of faster rate hikes in the

United States and uncertainty around the US-China trade war

dented risk sentiment.

The Caixin China services purchasing managers' index slipped

to 50.8 in October from 53.1 in September, Caixin Media Co.

and research firm Markit said.

US stocks declined on Friday, 2 November 2018 after optimism

over a potential US-China trade deal ebbed after White House

economic adviser Larry Kudlow reportedly downplayed the

potential for a quick deal with China.



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