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Sensex slips nearly 300 points, Nifty50 below 10,700 amid weak global cues

Published Date: 12/5/2018 9:17:05 PM
US stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, feeding fears of a fresh flare-up in tensions between the two superpowers, Reuters reported. 

Sensex and Nifty extended losses to the third consecutive session mostly on account of weak global sentiment, whereas RBI's status quo on key rates failed to impress domestic market. 

Rupee's poor health too weighed  .. 

Vedanata, falling over 3 per cent, was leading the pack of Sensex losers at that time. 

Tata Steel, YES Bank, Maruti and Bharti Airtel featured among other top losers in the 31-share pack. 

All Sectoral indices were in the red on BSE, with BSE Metal at the bottom with a loss of 2.20 per cent. 

Vedanta, Hindalco, JSW Steel, Tata Steel and SAIL were reeling under selling pressure. 

NCC, Kwality, IL&FS Transportation Networks, BEML and Mahindra & Mahindra Fi .. 

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