INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Weak global cues in the wake of a renewed trade war worries after US President Donald Trump imposed tariffs on Chinese goods and
China's retaliation as tit for tat kept investors on the tenterhooks on Monday.Falling Indian rupee against the US dollar also hit the
sentiment, while easing oil prices offered little hope.Headline indices Nifty and Sensex ended the day in the negative territory after a
choppy trade owing to losses in a majority of sectors, led by metals, bank, IT, capital goods, consumer durables and telecom stocks
However, gains in oil and auto stocks capped the fall.The BSE Sensex fell for 74 points, or 0.21 per cent, to settle at 35,548, while the
Nifty finished Monday's session at 10,800, down by 18 points or 0.17 per cent.Overall, 20 stocks remained in the green in the Nifty pack,
compared with 30 stocks that went home with losses.Sensex saw 11 stocks advancing and 20 declining at the end of today's trade.In line with
Sensex, BSE Midcap closed 0.18 per cent down
However, smallcap index underperformed by falling 0.77 per cent.ICICI Bank led the pack of Sensex gainers on reports of the management
revamp, climbing up to 3.61 per cent.According to a report by ET, ICICI Prudential Life chief Sandeep Bakhshi may be named ICICI Bank
The rearrangement is being contemplated by the board as BN Srikrishna, a retired Supreme Court judge, investigates the role of Kochhar, who
is likely to be on leave until the investigation is complete, the report added.Tata Motors, Bajaj Auto and Maruti also appeared among the
gainers.On the other hand, Vedanta tanked 2.70 per cent on the first day of its entry into benchmark Sensex.Kotak Mahindra Bank, Bharti
Airtel and Coal India too featured among the top losers in the Sensex index.Most sectoral indices on BSE settled in the red, but oil gas
index climbed 1.25 per cent, backed by strong gains in HPCL, Indian Oil Corporation and BPCL.BSE Metal, telecom and basic materials declined
over 1 per cent among the sectoral indices.Global stocks were subdued amid the worries of a trade war between the US and China.
