Sensex sinks 300 points to close below 35k-mark

However, forex participants did not rule out the possibility of rupee touching 70-level mark against the USA dollar in the coming months as the underlying sentiments still remains weak.

Stocks suffered modest losses as Brent crude oil prices moved nearthe United States dollars 80 per barrel mark as supplies tightened and demand remained strong.

The political cauldron in Karnataka remained on the boil, with the Supreme Court asking BJP's B S Yeddyurappa government to prove its majority in the assembly tomorrow.

Trend at other Asian markets, however, was better as investors kept a cautious watch on developments in US-China trade negotiations. The broader 50-stock Nifty closed 4.75 points lower at 10,801.85.

Wipro and Tata Consultancy Services were the top gainers on the two indices, while ICICI Bank saw its shares decline the most on both the Sensex and the NSE Nifty.

Banned Ozone-Harming Gas Creeps Back, Suggesting a Mystery Source
By the end of the year, the Montreal Protocol was signed in a global effort to ban the products and heal the ozone layer. In 2013, plumes of air containing elevated levels of CFC-11 were detected at the Mauna Loa observatory in Hawaii.


The 30-share Sensex resumed higher at 35,483 and advanced to a high of 35,510.

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%. However, it slipped on profit-booking and touched a low of 35,087, before finally settling at 35,149, down 238 points, or 0.67 per cent.

Foreign portfolio investors (FPIs) net sold shares worth Rs 830.94 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 428.92 crore yesterday, provisional data from stock exchanges showed.

The S&P BSE mid-cap fell by 0.27 per cent, whereas the S&P BSE small-cap ended a tad higher, by 0.06 points from its previous close.

Scrip-wise, fraud hit Punjab National Bank's (PNB) stocks slumped around 14 per cent (intra-day) on Wednesday, a day after the bank reported a loss of over Rs 13,000 crore for the fourth quarter of 2017-18.

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