12,113.70-56.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sensex, Nifty flat as investors await clarity on US-China trade deal

Among the sectoral indices on NSE, Nifty IT was the biggest loser.

ETMarkets.com|
Dec 10, 2019, 09.39 AM IST
0Comments
BCCL
Market-fall-BSE-4---BCCL
Sun Pharma was the biggest gainer in the 30-pack Sensex, up 1.76 per cent at Rs 434.50.
Domestic equity indices opened flat on Tuesday, in line with Asian peers, amid uncertainty over trade deal between the US and China. Investors decided to wait rather than take bets as December 15 deadline for the next round of US tariffs on Chinese imports came close.

Adding to the market uncertainty were comments from US Agriculture Secretary Sonny Perdue on Monday that while President Donald Trump did not want to implement tariffs, he did want to see "movement" from China.

BSE barometer Sensex was down 4.82 points at 40,482.61 around 9.30 am while its NSE counterpart Nifty ebbed 4.25 points to 11,933. Broader markets were in line with their headline peers, as Nifty Midcap gained 0.07 per cent to 16,738 and Nifty Smallcap shed 0.03 per cent to 5,652. Nifty 500 was unchanged at 9,671.


Among the sectoral indices on NSE, Nifty IT was the biggest loser, down 0.87 per cent to 15,025 while Nifty Realty shed 0.18 per cent to 279.95 and Nifty Metal 0.13 per cent to 2,548. Among gainers were -- Nifty Pharma, Nifty PSU Bank and Nifty Auto, with each gaining 0.3 per cent.

Sun Pharma was the biggest gainer in the 30-pack Sensex, up 1.76 per cent at Rs 434.50, followed by Tata Motors that edged 0.72 per cent higher in the opening trade to Rs 161.70. YES Bank was the biggest loser in the 30-share pack, down 2.14 per cent at Rs 55.

Globally, Asian equity markets ticked down tracking Wall Street losses as investors fretted over the deadline for the next round of US tariffs on Chinese imports. The deadline looms over a series of other significant events this week, with markets also awaiting the UK election on Thursday, and US and eurozone central bank meetings.

With investors reluctant to make big bets, MSCI's broadest index of Asia-Pacific shares outside Japan was just 0.05 per cent lower, with China's benchmark Shanghai Composite index off 0.3 per cent. Australian shares were off 0.19 per cent, while Japan's Nikkei was flat.

Also Read

Questions for 2020: Sensex climbing Mount 50,000?

Four factors behind Sensex's 428 point rally

YES Bank shares fall 2% on Sensex rejig

Sensex, Nifty trade lower; Infosys slips 3%

BNP sees Sensex at 44500 by year-end, turns bearish on the consumer sector

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service