Falling for the second straight session, the equity benchmark BSE Sensex on Monday lost over 180 points in morning trade after intense selling pressure witnessed in banking, auto and metal stocks despite firming trends in other Asian bourses.
The 30-share index declined by 180.50 points, or 0.50%, to 35,845.04, after rising to 36,124.26 in early trade.
The gauge had lost about 169 points in the previous session.
Besides weak corporate earnings for the third quarter, brokers said, uncertainties over the high-level trade talks between the U.S. and China impacted the investors’ sentiment.
In similar movement, the NSE Nifty lost 60.70 points, or 0.56%, to 10,719.85.
Maruti Suzuki India on Friday reported 17.21% fall in its net profit for the third quarter ended December 31, 2018.
Major losers that led the crash were ICICI Bank, YES Bank, Bajaj Finance, Bajaj Auto, Maruti, Axiz Bank, and HeroMotoCorp, falling up to 2.88%.
Major gainers included L&T, TCS, Kotak Bank, Asian Paint, IndusInd Bank and HUL.
Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net ₹689.28 crore, and domestic institutional investors (DIIs) sold shares to the tune of ₹147.35 crore Friday, as per provisional data released by the stock exchanges.
Brent crude, the global oil benchmark, was trading lower at $61.36 per barrel, down by 0.45%
Among other Asian markets, Japan’s Nikkei was trading lower by 0.31%, Korea’s Kospi was up 0.09%, Hong Kong’s Hang Seng gained 0.25%, Shanghai Composite Index was higher by 0.38% and Taiwan’s index rose 0.26% in their late morning deals.
On Wall Street, the US Dow Jones Industrial Average ended 0.75% up in Friday’s trade.