October 19, 2018
Latest News

India shares track global selloff, Sensex ends at 6-month low

New Delhi, Oct 11 (efe-epa).- Indian shares ended at a 6-month low Thursday following a global selloff due to weak macro conditions and persistent concerns about domestic liquidity, according to a Dow Jones report supplied to EFE.

The S&P BSE Sensex fell 2.2% to 34,001.15.

While most of the earlier session declines could be attributed largely to domestic factors, today's loss was triggered mainly by negative global sentiment with the U.S. markets falling sharply, says Dheeraj Singh, head of investments at Taurus Asset Management.

Investors will now watch quarterly earnings to get further cues.

India's largest software exporter Tata Consultancy Services fell 3.1% ahead of its quarterly results.

Among other losers, State Bank of India was down 5.7%, Tata Steel declined 4.6% and Infosys ended 3.6% lower.

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