Sensex Loses Almost 200 Points Again, Nifty Slips Under 11,350

Sensex lost 198.54 points to close at 38,106.87, while Nifty finished at 11,313.10, down 46.80 points.

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Equity markets faced losses for the fourth straight session as both Sensex and Nifty lost close to half a percent on Thursday, 3 October.

The 30-share BSE index lost 198.54 points to close at 38,106.87, while the broader 50-share NSE index finished at 11,313.10, down 46.80 points.

Metal and financial stocks lost the most with Nifty Metal and Nifty Financial Services sub-indices losing 3 percent and 1.20 percent, respectively.

Investors remained cautious as weak American jobs data raised concerned about the global economy, while the WTO triggered fresh trade war fears after it allowed the US to impose tariffs on the European Union, experts said.

Asian markets on Thursday were trading in the red. Nikkei fell two per cent, while Hang Seng was trading lower by 0.7 per cent.

Yes Bank, Tata Motors, ITC and Powergrid stocks gained the most while Vedanta, Tata Steel, IndusInd Bank and Kotak Mahindra Bank were among the top losers.

Meanwhile, Rupee opened on a cautious note and fell 28 paise to 71.35 against the US dollar in early trade on Thursday amid rising crude oil prices and unabated foreign fund outflows.

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