Sensex slips 176 pts, Nifty ends at 10198 as pvt banks weigh

Sensex slips 176 pts, Nifty ends at 10198 as pvt banks weigh
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Mumbai, Oct 30: The benchmark indices settled around 0.5 per cent lower weighed by metal and private bank stocks.
The S&P BSE Sensex ended at 33,891, down 176 points while the broader Nifty50 index settled at 10,198, down 52 points.
Among sectoral indices, the Nifty Bank index ended 0.6 per cent lower led by a fall in the shares of IndusInd Bank and ICICI Bank. The Nifty Metal index, too, settled 1.1 per cent lower weighed by Coal India. However, Nifty PSU Bank index rose for the second consecutive day, ending 2.5 per cent higher led by Union Bank of India and Canara Bank.
In individual stocks, Bharat Petroleum Corporation (BPCL) ended around 4 per cent lower at Rs 265.65 on the BSE after the oil marketing company reported a 48.3 per cent decline in its net profit to Rs 12.1871 billion for the second quarter ended September 2018. Among other stocks, Reliance Industries (RIL) fell 2.7 per cent to Rs 1,058.90 on the BSE.
Global Markets
Asian shares clawed back earlier losses on Tuesday as China made a fresh attempt to stabilise its stock markets although activity was choppy with investors cautious about further escalations in the Sino-US trade war.
MSCI’s broadest index of Asia-Pacific shares outside Japan swung in and out of negative territory in morning trade and last traded 0.3 per cent higher on the day. The index has lost 12 per cent this month and is on track for its biggest October decline since 2008, during the global financial crisis.
Mainland China’s benchmark Shanghai Composite and the blue-chip CSI 300 gained to 1.0 per cent and 1.1 per cent, respectively, winning back earlier losses in a volatile session.