Markets post second-biggest fall of 2018 on trade war, TDP no-trust vote

Tata Motors fell 3.7%, the most among Sensex components, followed by Asian Paints which fell 3.1%

The benchmark Nifty on Friday posted its second-worst single-day fall of 2018 due to global and domestic political concerns. 

The escalation of the war of words between the US and China, the world’s two largest economies, sparked fears of a global trade war. This, coupled with a no-confidence notice against the Narendra Modi-led government, weighed on investor sentiment. 

US President Donald Trump’s new adviser sought a “coalition” of allies to act against China and the latter hit back, saying the US should “work hard and complain less”. The escalation forced International Monetary Fund (IMF) Managing Director Christine Lagarde to urge