You are here: Home » Companies
;
Business Standard

Nifty ends below 10,000, down 1% amid trade war fears, Sensex slips 410 pts

Catch all the market action here.

This is article Banner

 

 

 

 
sdf
 
 
 
 
 
 
 
 
 
 
 
 
The and dived more than 1 per cent on Friday, in line with global as heated rhetoric between the United States and China over import tariffs led to global fears.

The S&P ended at 32,597, down 410 points while the broader Nifty50 index settled at 9,998, down 117 points.

 

US President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of Chinese goods including steel, although the measures have a 30-day consultation period. In retaliation, China unveiled plans to impose tariffs on up to $3 billion of US imports.

 

MSCI’s broadest index of Asia-Pacific outside Japan dropped 2.4 per cent, tracking a huge overnight fall in the 

 

The index fell below the 10,000 level for the first time this year and was trading much below the 200-day simple moving average of 10,172.7.

 

Lenders were the biggest drag, with the Bank index hitting its lowest since September 2017. Axis Bank dropped 3.85 per cent, while Punjab National Bank fell 3.73 per cent.

 

Metal were also down with the metal index declining over 3 per cent to its lowest since September 25, 2017.

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, March 23 2018. 16:46 IST
RECOMMENDED FOR YOU