In Stock market update; Indian stock markets (Sensex and Nifty) ended in a downside on Thursday, following the onset of fresh trade war worries. The Sensex dipped in the late afternoon deals following the negative closing in other Asian markets and subdued global cues on the back of renewed trade war tensions between the US and China. BSE Sensex ended the day’s session at 37,165.16, down 356.46 points while NSE Nifty slipped below the psychological level of 11,250 to a day’s low at 11,249.95, down 96.25 points, and ended the day at 11,244.70.
HDFC Bank, Reliance Industries, HDFC, Kotak Mahindra Bank, ITC, Maruti Suzuki, Tata Consultancy Services, and M&M were the major players in Sensex and Nifty today.
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The United State Federal Reserve kept the interest rates unchanged yesterday.
According to reports, Asian stocks dropped on Thursday as the result of the latest advancement in the Sino-US trade war which hit Chinese shares, while global bond markets were shaken by increased borrowing by Washington and Japan’s new tolerance for higher yields
The US administration on Wednesday increased pressure on China for trade concessions by proposing a higher 25% tariff on $200 billion worth of Chinese imports.