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Sensex Falls 261 Points, Nifty Closes Below 10,750 As US-China Trade War Intensifies
19 Jun 2018, 04:07 PM IST 
All sectoral indices, led by oil and gas, power, realty and power were in the negative zone.
- Major gainers in the Sensex pack were ITC Limited, ONGC, HDFC Bank, HDFC Limited, Kotak Mahindra Bank and Bharti Airtel, rising between 0.20 per cent to 0.76 per cent. Top laggards on the index were Vedanta Limited, Adani Ports, Mahindra & Mahindra, Sun Pharma, Reliance, Sun Pharma and Bajaj Auto, ending with losses of between 3.55 per cent and 1.81 per cent.
- Bajaj Finance, GAIL, ITC, HDFC Bank and Power Grid were leading the pack of Nifty gainers. While main losers on the index were Vedanta, IOC, Hindustan Petroleum, UPL and Mahindra & Mahindra.
- "Globally stock markets are down significantly on Tuesday as fears around trade wars have intensified. Indian markets are reacting to this news flow", said Viral Berawala, CIO, Essel Mutual Fund.
- Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiments on Tuesday.
- Index heavyweights such Infosys Ltd dropped 1.77 per cent on BSE Sensex and slipped 2 per cent on NSE Nifty. Vedanta Limited slipped around 4 per cent on both domestic indices.
- Top oil marketing firms such as Hindustan Petroleum Corp Ltd, Indian Oil Corp Ltd and Bharat Petroleum Corporation Ltd dropped over 3 per cent each.
- ICICI Bank Ltd edged lower after the country's third largest lender said Chief Executive Officer Chanda Kochhar would go on leave until the completion of a probe over an alleged conflict of interest. Sandeep Bakhshi, who heads the life insurance arm of the bank, has been appointed as Chief Operating Officer (COO) for a period of five years, the bank stated in a stock market filing.
- Pharma stocks also came under selling pressure, with the Nifty Pharma index on track to halt a nine-day winning run. All sectoral indices, led by oil and gas, power, realty and power were in the negative zone.
- Overseas investors have sold a net $448 million in domestic shares as of Monday, after being net buyers in each of the six previous years. They had bought net $7.8 billion worth of equities in 2017.
- Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 754.43 crore, while domestic institutional investors (DIIs) bought shares worth Rs 824.10 crore on Monday, provisional data showed.