Nifty ends flat at 10769; Tata Motors slips 4%

 

Mumbai, Jun 26: The markets pared their day’s gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.
The S&P BSE Sensex ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.
Among sectoral indices, the Nifty FMCG index settled nearly 1% up led by rise in shares of GlaxoSmithKline Consumer Healthcare, United Spirits and Marico.
On Tuesday, the market capitalisation of Tata Motors fell below that of Bajaj Auto and Eicher Motors after a 10% decline in the share price of the company amid concerns over auto tariff threat by the US. The stock settled 4.4% lower at Rs 277 on the BSE.
GLOBAL MARKETS
World stocks extended a sell-off on Tuesday as escalating trade tussles between the United States and other major economies steered investors away from riskier assets, with markets in China bearing the brunt of investor anxiety.
Asian equities were lower across the board after Wall Street tumbled, with the S&P 500 and Nasdaq suffering their steepest losses in more than two months overnight.
Besides the trade spat with China, the United States has recently upped the ante in a challenge to the European Union by threatening to impose tariffs on cars imported from the bloc.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.27 per cent. Hong Kong’s Hang Seng retreated 0.2 per cent, the Shanghai Composite Index slid 0.8 per cent, and Japan’s Nikkei was down 0.1 per cent after trimming most of its earlier losses.