INSUBCONTINENT EXCLUSIVE:
MUMBAI: Indian benchmark equity indices ended lower on Monday mainly due to sell-offs in metal, bank and IT counters as investors turned
cautious over escalation of trade tariff spat between the US and China.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE
global cues amid concerns of USChina trade tensions
Research, Geojit Financial Services Ltd, said.
Crude price is gradually consolidating, while investors are awaiting Opec and Russia meeting
this week to decide on relaxation of supply cuts, he added.
US President Donald Trump on Friday slapped a 25 per cent tariff on $50 billion
worth of Chinese goods, as he accused Beijing of intellectual property theft and unfair trade practices, triggering a full-fledged trade war
30-share Sensex opened on a somewhat better note at 35,698.43 and slipped further to touch a high of 35,721.55, largely on sustained capital
inflows by domestic institutional investors and a drop in global crude prices.
However, absence of cues from other Asian markets as most
financials were shut today for a public holidays and a weak opening in European shares reversed the early gains, with the BSE benchmark
It finally ended at 35,548.26, down 73.88 points, or 0.21 per cent.
