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Sensex Ends Lower As Global Markets Fall On Weak Chinese Trade Data

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Benchmark Indian indices ended the day lower after weak Chinese trade data dragged Asian and European markets lower.

The Sensex ended the day lower by 57 points, while the Nifty fell 12 points in trade. Chinese trade data showed that exports fell by 3.7 per cent, while imports were down more than 20 per cent, confirming worries of a slowdown.

Sensex gainers and losers

Sensex Ends Lower As Global Markets Fall On Weak Chinese Trade Data
Indices
Asian markets ended the day lower with the Japanese Nikkei down 1.11 per cent, while other markets like the Hang Sang and the Jakarta Composite also ended the day lower.
 

The biggest losers in trade were the metal stocks with Tata Steel, Hindalco and Vedanta falling on weak Chinese data.

Heavyweight, Infosys shares was a big drag on the Nifty falling another 2.5 per cent, after Monday's 4 per cent drop. TCS was also weak in trade ahead of its earnings to be declared later today.

Banking stocks were also marginally down led by State Bank of India and Punjab National Bank. Shares in Yes Bank was among the gainers from the banking space after reports that the Bank was eyeing buyouts in mid-sized funds space after RBI gave the bank permission to start mutual fund business.

DB Corp ended the day higher after reports that the company acquired 14 frequencies in phase-III radio FM auctions.

Meanwhile, markets across Asia ended the day lower, while most of Europe was trading with losses, following poor Chinese trade data.

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