The market indices closed significantly lower on Friday evening in response to the global trade war fears between the United States and China.
The Sensex triggered a low of 409.73 points at 32,596.54, however, Nifty fell 116.75 points to 9,998.05.
Axis Bank, SBI, Vedanta, Hindalco, Tata Steel, Reliance Industries, L&T and Maruti Suzuki declined up to five percent.
HCL Technologies rallied over 2.5 percent and Tech Mahindra gained 0.5 percent.
Meanwhile Asian markets including Nikkei, Shanghai, Hang Seng, Kospi were down between three to five percent.
The Dow plummeted 724 points, underlining mounting concerns among investors about looming tariffs on China.
Also Read
It was the fifth-largest point decline in the history.
The S&P 500 dropped 2.5 percent and the Nasdaq 2.4 percent.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
