Indian Indexes Fell Sharply in Late Trading on May 13


May. 13 2019, Published 11:34 a.m. ET


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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Your ETFs

The WisdomTree India Earnings ETF (EPI), which invests in companies in both of the above indexes, gained 0.26% on May 10 against the SENSEX’s 0.26% loss. The iShares MSCI India ETF (INDA) gained 0.21%. The iShares India 50 ETF (INDY) gained 0.44% against the NIFTY’s 0.2% loss on the day.

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 iShares Asia 50 ETF (AIA) gained 0.9%, while the Vanguard FTSE Pacific Index ETF (VPL) gained 0.78% on May 10.

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.


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