Indian shares inch lower amid weak global cues

Published: June 25, 2018 13:55:25 | Updated: June 27, 2018 12:50:00

File Photo (Collected)

Indian shares inched lower on Monday, tracking weak Asian peers, as growing trade tensions between the United States and major economies of the world continued to dampen investors sentiment.

A Wall Street Journal report on Sunday said US plans curbs on Chinese investment in US technology firms, triggering a fall in Asian shares.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25 per cent while Japan’s Nikkei lost 0.4 per cent.

The broader NSE index was down 0.15 per cent at 10,805.55 as of 0615 GMT while the benchmark BSE index was 0.17 per cent lower at 35,629.98.

Tata Motors Ltd, down as much as 4.1 per cent at more than a two-week low, was the top percentage loser on both the indexes.

Top oil refiners such as Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd and Indian Oil Corp Ltd, down more than 2.5 per cent each, were among the top percentage losers on the NSE index.

Shares of PNB Housing Finance Ltd gained as much as 14.1 per cent, marking their biggest ever intraday per cent gain.

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