Tuesday, October 23, 2018 14:25 WIB

Sensex down 150 points, Asian Paints shares hit 7-month low; RIL down 1%

The domestic stock markets are continuing to trade under pressure after thier decline yesterday. After  opening below the 34,000-mark, the Sensex has recovered about 70 points, led by gains in the shares of HDFC, Tata Motors and IndusInd Bank. Asian Paints shares fell more than 6% to a 6-month low after the firm reported weak Q2 results.  Asian Paints shares shed as much as 6.16% to hit the day’s low at Rs 1,126.55. In the latest quarter, profit fell 3.2% to Rs 506 crore versus Rs 526.2 crore in the latest quarter for Asian Paints. In the Nifty, BPCL, IOC and ONGC shares were trading with pressure, tanking up to 4%.  

The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week, according to a Reuters report. Asian shares edged lower on Tuesday as earnings season weigh on Wall Street, while a slew of negative factors from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment, reported Reuters. We bring to you live updates.