Benchmark indices slide amid concerns over Indo-US trade tensions

The Sensex ended the session at 39,452, a decline of 289 points or 0.73 per cent, while the Nifty fell 91 points to end the session at 11,823.30

The benchmark indices continued their fall on Friday, dragging losses to the second week amid worries over the Indo-US trade tensions.

On Friday, reports said India might impose retaliatory tariffs on 29 US products, after the latter withdrew incentives to Indian exporters under its Generalised System of Preferences (GSP) programme. 

The government had decided to impose these duties last year, in retaliation to the US’ decision of significantly hiking customs duties on certain steel and aluminium products, but had kept extending the deadline.

The Sensex ended the session at 39,452, a decline of 289 points or 0.73 per cent, while the Nifty fell