
The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries...
The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries. The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 percent, to 35,381.48 in early trade. Capital goods, realty, infrastructure, power, healthcare and metal stocks showed weakness, falling by up to 0.35 percent. The NSE Nifty also was quoting lower by 5.20 points, or 0.05 percent, at 10,735.90.
NSE Nifty also was quoting lower by 5.20 points
Major losers included Coal India, Reliance Industries, Asian Paints, SBI, Adani Ports, Sun Pharma, IndusInd Bank, Yes Bank, PowerGrid, Bajaj Auto, Maruti Suzuki and HDFC Bank, declining up to 1.40 percent. According to traders, sustained selling by participants in line with a weak trend at other Asian markets following overnight losses at the Wall Street amid investor concerns about the trade dispute between the US and China dampened trading sentiments here.
Major losers included Asian Paints
Meanwhile, India will raise customs duty on 29 products, including almond, walnut, and pulses, imported from the US as a retaliatory action against the tariff hike by Washington. The duty hike would come into effect from August 4, the Finance Ministry said in a notification. In Asia, Hong Kong's Hang Seng was down 0.15 percent and Shanghai Composite shed 0.70 percent in early trade today. Japan's Nikkei too fell 0.74 percent. The US Dow Jones Industrial Average ended 0.80 percent lower yesterday.