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Sensex down 425 points, closes below 11,000 Nifty

The BSE Sensex closed with a fall of 424.61 points on Friday due to weak global cues and the loss of Tata Motors by 14 percent due to concerns about the import duty between the United States and China. The Sensex closed at 36,546.48 and the Nifty closed 125.80 points down at 10,943.60 points.

During the morning trade, the Sensex lost 140.62 points, or 0.38 percent, to 36,830.47. Then on the 50-share NSE Nifty was down by 33.40 points, or 0.30 percent, to 11,036.00. Tata Motors reported a loss of Rs 26,960.8 crore in the October-December 2018 quarter.

The Sensex on Thursday climbed 4.14 points, or 0.01 percent, to 36,971.09. On the other hand, the Nifty closed 6.95 percent, or 0.06 percent, at 11,069.40.

Shares of Sun Pharma, Vedanta, L & T, SBI, ICICI Bank, M & M, Tata Steel, Infosys, HDFC and Tata Steel declined 1.58 percent. On the other hand, the power grid, HCL Tech, IndusInd Bank, Bajaj Finance, NTPC, Coal India and RIL saw an increase of 1.38 percent.

Tax rebate to start upto 25 crores of investment

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