Sensex, Nifty trade near flat line

The Sensex and the Nifty were trading near flat line in afternoon trade. At 13:18 IST, the barometer index, the S&P BSE Sensex, was up 2.31 points or 0.01% at 37,587.82. The Nifty 50 index was down 6.20 points or 0.05% at 11,371.55.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1076 shares rose and 1402 shares fell. A total of 168 shares were unchanged.

Among secondary barometers, the BSE Mid-Cap index was down 0.52%. The BSE Small-Cap index was down 0.48%. Both these indices underperformed the Sensex.

State Bank of India (down 2.5%), Coal India (down 1.73%), Vedanta (down 1.39%), Tata Motors (down 1.29%), NTPC (down 1.22%), Bajaj Auto (down 1.19%) and ICICI Bank (down 1.09%), were the major Sensex losers.

Hindustan Unilever (up 3.57%), Yes Bank (up 2.65%), ONGC (up 1.14%), Adani Ports & Special Economic Zone (up 0.93%), Asian Paints (up 0.87%) and Reliance Industries (up 0.8%), were the major Sensex gainers.

Overseas, European and Asian shares were mixed after the Trump administration decided to impose 10% tariffs on $200 billion worth of Chinese imports. US stocks closed lower Monday, with the S&P 500 and the Dow snapping multi-day win streaks.

President Donald Trump will impose 10% tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25% at the end of the year, according to a Monday announcement. The White House removed about 300 goods from a previously proposed list of affected products, including smart watches, some chemicals and other products such as bicycle helmets and high chairs. Beijing has already warned that it will retaliate against the measures.

The US has already levied tariffs on $50 billion worth of Chinese products. Beijing responded with measures targeting $50 billion on American goods, raising fears about damage to the US farm industry. Earlier this month, reports suggested that the US was seeking to restart trade talks with China.

Meanwhile in the US, the New York Fed's Empire State index fell 7 points to 19 in September.

Powered by Capital Market - Live News