The benchmark BSE Sensex started with a slow start today, after tracing a sell-off in global markets between the constantly rising trade war worries.
The BSE index had lost about 114.94 points in the last session and was down 53 points at 35,379.65 at 10.07 am. Capital goods, realty, infrastructure, power, healthcare and metal stocks showed immense weakness, falling by up to 0.35 per cent.
The NSE Nifty was also pacing slowly by 20 points at 10,721.30.
Major losers yesterday included Coal India, Reliance Industries, Asian Paints, SBI, Adani Ports, Sun Pharma, IndusInd Bank, Yes Bank, PowerGrid, Bajaj Auto, Maruti Suzuki and HDFC Bank, declining up to 1.40 per cent.
According to the traders, sustained selling by participants in line with a weak trend at other Asian markets following overnight losses at the Wall Street amid investor concerns about the trade dispute between the US and China dampened trading sentiments here.
Meanwhile, India will raise customs duty on 29 products, including almond, walnut and pulses, imported from the US as a retaliatory action against the tariff hike by Washington.
The duty hike would come into effect from August 4, the Finance Ministry said in a notification.
In Asia, Hong Kong’s Hang Seng was down 0.15 per cent and Shanghai Composite shed 0.70 per cent in early trade today. Japan’s Nikkei too fell 0.74 per cent. The US Dow Jones Industrial Average ended 0.80 per cent lower yesterday.
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