TIL Desk/Business/Mumbai/ Equity benchmark Sensex on Friday fell over 300 points in line with global market sell-offs as investors panicked after the US decision to impose fresh tariffs on Chinese goods. The trade war tensions between the US and China along with unabated foreign fund outflows weighed heavily on the market sentiments, traders said.
Tracking tepid global market trend, the 30-share index was trading 333.32 points, or 0.90 per cent, lower at 36,685.00. Similarly, the 50-share Nifty slipped 105.15 points, or 0.96 per cent to 10,874.85. In the Sensex pack, HeroMotoCorp emerged as the biggest loser with a slide of 2.78 per cent, followed by Vedanta, ONGC, Bajaj Finance, HCL Tech, Tata Steel.
However, Bharti Airtel, Asian Paint, Tata Motors and Infosys gained in the morning trade. In the previous session, Sensex plunged 462.80 points or 1.23 per cent to end at 37,018.32. The broader NSE Nifty dropped 138 points or 1.24 per cent to close below the key 11,000-mark at 10,980.00. US President Donald Trump’s decision to impose new tariffs on Chinese goods triggered fresh tension among investors over the trade battle between the two largest economies.
