Asian stocks edged up on Friday as investors kept a cautious watch on developments in US-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark US Treasury yield topping a seven-year high, it said.
Brokers said sentiment remained weak largely on sustained capital outflows by foreign funds and rising global crude oil prices, which went past the United States dollars 80 per barrel mark.
"Whether or not the BJP forms a government in Karnataka, the swift alliance between Congress and JD (S)-to keep the BJP out of power-is a stark reminder of the coming threat from a third front coalition of disparate regional parties in the 2019 general elections".
Most of the Asian markets fell as geopolitical developments and rising benchmark of the U.S. yields spurred a return of risk aversion.
Equities wilted under selling pressure for the fourth straight session today, capping off the worst week for investors this fiscal amid political uncertainties and spiking crude oil prices. Both these indices outperformed the Sensex.
Ireland Test debut ends in five-wicket defeat by Pakistan
Tim Murtagh bowled out both Azhar Ali and Asad Shafiq, while Boyd Rankin dismissed Haris Sohail. That wasn't to be the only remarkable moment of Ireland's initiation as a Test match nation.
Senate Receives 2018 Budget
In his remark, Senator Lane Tejuoso, expressed delight over the consideration of the Senate to implement the National Health Act. The Nigerian Senate on Tuesday finally laid the 2018 appropriation bill after postponing it in the past two different times.
Trump visits first lady at Walter Reed hospital
The Slovenia-born wife of Donald Trump underwent an embolization procedure, said her communications director Stephanie Grisham. They have a 12-year-old son, Barron . "As her office has stated, the First Lady remains in good spirits".
The Sensex fell 495.61 points or 1.37% from its intra-day high to close the session at 35,543.94.
The benchmark Sensex slumped 300 points to end at 34,848.30, while the broader NSE Nifty cracked below the 10,600-mark.
On the other hand, consumer durables rose 1.37%, realty 0.41%, infrastructure 0.28%, capital goods 0.24% and oil and gas 0.08%.
Major laggards were Wipro, HDFC Bank, L&T, Tata Motors, Adani Ports, Bharti Airtel, Asian Paints, Maruti Suzuki, ICICI Bank, Reliance Industries and ITC Ltd falling by up to 1.28 percent.
Japan's Nikkei advanced 0.25 per cent, while Hong Kong's Hang Seng was up 0.22 per cent in early trade. The Dow Jones Industrial Average, however, ended 0.22 per cent lower in yesterday's trade. Among other IT stocks, Infosys fell 0.7 per cent and TCS 0.5 per cent.