Indian equity ended lower mainly due to sell-offs in metal, bank and IT counters as investors turned cautious over escalation of trade tariff spat between US, China.
BSE benchmark Sensex closed lower by about 74 points at 35,548.26 in a choppy trade amid flaring up of trade tariff tensions between the US and China, forcing investors to adopt a cautious stance.
The key Indian equity indices traded on a flat-to-negative note afternoon tracking weakness in the benchmark global markets and ressurgent concerns of a global trade war.
Shares of Vedanta and Dr Reddy's Labs fell up to 4 per cent on BSE as the 30-share Sensex rejig came into effect.
Rupee pared morning losses and was trading 1 paisa higher to 68 against the American currency in late morning deals amid bouts of dollar-selling by banks and exporters.
Indian equity indices on Monday opened on a flat note
The benchmark Sensex managed to post gains for the fourth week in row, garnering 178.47 points to close at 35,622.14, while the broader Nifty racked up 74.03 points to end at 10,817.70.
The Sensex advanced 178.47 points, or 0.50 per cent while the Nifty climbed 50.05 points or 0.46 per cent for the week.
Fag-end buying helped the index close at 35,622.14 -- a marginal rise of 22.32 points, or 0.06 per cent.
Indian equity indices traded on a flat to negative note on Friday afternoon tracking mixed cues from the bechmark Asian indices.
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