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Sensex falls 100 points in noon trade; HUL slumps 4%, IndusInd Bank down 2%

Sensex falls 100 points in noon trade; HUL slumps 4%, IndusInd Bank down 2%

Sensex falls 100 points in noon trade; HUL slumps 4%, IndusInd Bank down 2%
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By Ajay Vaishnav  Oct 15, 2018 12:09 PM IST (Updated)

Indian shares continued to trade lower on Monday as concerns over US-China trade war and rising crude oil prices weighed on the investors' sentiment.

Indian shares continued to trade lower on Monday as concerns over US-China trade war and rising crude oil prices weighed on the investors' sentiment.

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The BSE Sensex traded at 34,610.12, lower by more than 123 points, or 0.36 percent at 11.40 am, while the NSE Nifty50 was at 10,419.95, down by 52.55 points, or 0.50 percent.
The BSE LargeCap index dipped 0.34 percent, dragged largely by Hindustan Unilever, ICICI Bank, L&T, M&M, IndusInd Bank, HDFC, UltraTech Cement and Eicher Motors. Infosys, ITC, TCS, Reliance Industries and Dr Reddy supported indexes.
Broader market outperformed benchmark indexes with seen in midcap and smallcap stocks. The BSE MidCap was up 0.30 percent, while the BSE SmallCap traded higher by 0.80 percent. The Nifty MidCap also surged more than half a percent.
Hindustan Unilever, Gail, UltraTech Cement, Eicher Motors, M&M, Axis Bank, ICICI Bank and IndusInd Bank dipped by up to 4 percent.
All Nifty sectoral indices traded largely lower except IT, Media and Pharma, which gained g by up to 1.65 percent. Nifty Bank declined 0.74 percent.
Only 6 out of 19 BSE sectoral indices traded positive. Major gainers were Healthcare, IT, Teck and Power, while Consumer Durables fell the most at 1.39 percent.
Among the gainers, Dr Reddys Labs, Vodafone Idea, Hindalco, Cipla, Zee Entertainment, Sun Pharma, ONGC, ITC, Infosys and Tata Motors, surged by up to 3.83 percent.
In currency space, the Indian rupee traded at 73.95 against the US dollar, after opening at 73.80 against the greenback.
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