Sensex, Nifty Fall to a 2-Week Low Amid Trade War Fears

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Indian stock market benchmark indices BSE's Sensex and NSE's Nifty 50 dropped by over 1 percent as trade tensions between USA and China intensified. It is the most since March 23.

    Sensex, Nifty Fall to a 2-Week Low Amid Trade War Fears
     

    After US ordered an additional 25 percent tariff on 1,300 products, China hit back with a 25 percent tariff on 106 in 14 categories imported from the USA, which includes soybeans, automobiles, and chemicals, reported Bloomberg.

    The S&P BSE Sensex fell by 1.05 percent or 351.56 points to 33,019.07 and Nifty 50 by 116.60 points or 1.14 percent to 10,128.40.

    NSE's Nifty Bank index was also dragged down by over 400 points to 24,147. The resulted loss is from the weakness of stocks of Bank of Baroda (-3.78 percent), Kotak Mahindra (-2.37 percent) and Yes Bank (2.54 percent).

    11 of the 12 NSE's sector indices were affected except for Nifty Auto Index which saw a gain of 0.4 percent.

    S&P BSE MidCap fell by 0.9 percent while S&P BSE SmallCap index declined by 1 percent

    The top Nifty gainers were:

    1. Tata Motors Ltd (+3.64%)
    2. Eicher Motors (+3.37%)
    3. Bajaj Finance (+0.87%)
    4. Hindustan Unilever (+0.67%)
    5. Hero MotoCorp Ltd. (+0.61%)

    The top Nifty losers were:

    1. UPL (-4.33%)
    2. Hindalco Industries Ltd (-3.44%)
    3. Tata Steel Ltd (-3.30%)
    4. Vedanta (-3.14%)
    5. Titan (-2.96%)

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more