INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Benchmark indices opened on a tepid note on Tuesday, tracking weakness across Asian markets
The US President's warning to impose a 10 per cent tariff on $200 billion of Chinese goods in a tit-for-trade trade war spooked global
Concerns over outflows from emerging markets too weighed on the sentiment.
At 9.26 am, the BSE Sensex was trading 126 points, or 0.35 per
Nift50 was trading 33.40 points, or 0.31 per cent, lower at 10,766.45
Asian markets were down up to 0.7 per cent.
Analysts feel the index may remain rangebound for some time, before seeing a decisive breakout
Rs 228.70 and was the worst index performer
Infosys, Hindustan Unilever, Bajaj Auto and Wipro fell 1.11 per cent, 1.03 per cent, 0.87 per cent and 0.85 per cent, respectively
Coal India, Hero MotoCorp, NTPC and Power Grid declined up to 0.7 per cent
Bharti Airtel, tata Steel and Tata Motors remained exceptions, gaining up to 0.6 per cent
raise tariffs on $50 billion in US goods
its steady program of raising interest rates.
Foreign portfolio investors (FPIs) sold Rs 754 crore worth of domestic stocks on Monday,
provisional data available with BSE suggested
DIIs were net buyers to the tune of Rs 824 crore, data suggested.
