Mumbai: The BSE Sensex fell 252 points to drop below the 34,000 mark and NSE
Nifty shed over 90 points in opening trade today on heavy losses in
metal, auto, oil and Gas, banking and PSU stocks after US President
Donald Trump fuelled concerns of a global trade war.
Asian
markets too turned negative as the fallout from Trump's steel and
aluminium tariffs continued to spook investors and dampen market
sentiment here, brokers said.
The 30-share barometer shed 251.56 points, or 0.73
per cent, to 33,795.38. The gauge had lost 398.81 in the
previous three sessions.
The NSE Nifty was trading down by 90.40 points, or 0.86
per cent, at 10,367.95.
All sectoral indices led by metal, auto, oil & gas banking and PSU stocks were trading in the negative terrain.
The laggards were Yes Bank, Tata Steel, Tata Motors, Coal India, Bharti
Airtel, ONGC, HUL, Bajaj Auto, Dr Reddy's HDFC, Asian Paint, Power
Grid, M&M and SBI, falling up to 2.28 per cent.
Meanwhile,
on a net basis, domestic institutional investors (DIIs) sold shares
worth Rs 3.29 crore while foreign portfolio investors (FPIs) bought
shares worth Rs 241.85 crore on Thursday, provisional data released by
the stock exchanges showed.
In the Asian region, Hong Kong's Hang Seng fell 1.38 per
cent, Japan's Nikkei shed 0.65 per cent, while Shanghai
Composite Index down 0.35 per cent in their early deals.
The US Dow Jones Industrial Average ended 0.29 per cent lower on Friday.
PTI
