Domestic equity indices opened with marginal cuts as fresh concerns over global trade surfaced after US President Donald Trump said a trade deal with China might have to wait until after the presidential election in November 2020. BSE barometer Sensex was down 123 points, or 0.30%, to 40,553 while NSE flagship Nifty slipped 37 points or 0.32%, to 11,956 at 09:18 AM.
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Domestic equity indices opened with marginal cuts as fresh concerns over global trade surfaced after US President Donald Trump said a trade deal with China might have to wait until after the presidential election in November 2020. BSE barometer Sensex was down 123 points, or 0.30%, to 40,553 while NSE flagship Nifty slipped 37 points or 0.32%, to 11,956 at 09:18 AM.
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Led by gains in banking stocks and index heavyweight RIL, domestic markets kicked off Tuesday's trading session on a positive note. Fresh fears over US recession that plagued Asian peers didn't dampen the sentiment back home but still remains an overhang. At around 9.35 am, BSE benchmark Sensex was trading 102 points or 0.27 per cent higher at 37,911 while its NSE counterpart Nifty eyed the 11,400-mark. The 50-pack index was trading 38 points or 0.33 per cent higher at 11,392.
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Domestic stocks declined in the early trade amid weak global cues. Market benchmark BSE Sensex was down by 148.01 points or 0.37 per cent at 38,841.73 while the broader NSE Nifty slipped by 51.60 points or 0.44 per cent to 11,519.60.
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Sensex drops 50 points, struggles during early trading
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Sensex gains 100 points, Nifty above 12,100; Nifty Bank hits record high of 32,186.
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OPENING BELL: Sensex declines 200 pts on Fed comments, Nifty slips below 11,050; ZEEL drops 3%, YES Bank 2%
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Headline equity indices Sensex and Nifty registered negative opening on Tuesday in the wake of weak global cues as investors remain anxious to see what transpires at US-China trade talks later this week. The 30-share BSE index was trading 119.80 points, or 0.31 per cent, lower at 39,003.16 at 0918 hours. Similarly, the broader NSE Nifty was quoting 36.45 points, or 0.31 per cent, down at 11,663.10.
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CLOSING BELL: Private lenders hit hard as Sensex tanks 289 pts in late selloff; Nifty barely holds above 11,800; Jet, RCap drop 12% each
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