SENSEX and NIFTY
Late selling pressure dragged both the S&P BSE Sensex and the NIFTY 50 down on May 13. The NIFTY 50 closed with a fall of 1.16% at 11,148.20, while the S&P BSE Sensex fell 0.99% to 37,090.82. These were the ninth straight falls for India’s key indexes.
All sectors except IT ended up in the red. The Indian rupee fell against the US dollar, helping IT companies.
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Other markets and ETFs
Taiwan’s TSEC Weighted Index was the biggest loser among Asian indexes on May 13. The index lost 1.44% today on the fear that Taiwanese manufacturers with factories in China would suffer. The iShares MSCI Taiwan Capped ETF (EWT) gained 0.55% on May 10, outperforming the TSEC Weighted Index, which retreated marginally.
The Indonesian Jakarta Composite fell 1.19% on May 13.
European markets were also falling, with the German DAX leading the pack at 6:30 AM EDT. DAX was down 0.78%, France’s CAC was down 0.55%, and Britain’s FTSE was down marginally.