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Benchmarks trade with small losses

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Key equity indices were trading in a narrow range with small losses in morning trade. At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 35 points or 0.09% at 37,055.82. The was down 20.95 points or 0.19% at 11,127.25. The undertone of the market was weak as the trade war between the and escalated.

Among secondary barometers, the BSE Mid-Cap was down 0.41%. The BSE Small-Cap was down 0.66%.

The market breadth, indicating the overall health of the market, was weak. On BSE, 611 shares rose and 1206 shares fell. A total of 100 shares were unchanged.

(down 2.06%), (down 2.27%), (down 1.92%), (down 1.78%), (down 0.98%), (down 0.98%) and (down 0.83%), were the major Sensex losers.

(up 2.83%), (up 2.20%), (up 1.18%), (up 1.18%), (up 1.11%) and ITC (up 0.74%), were the major Sensex gainers.

On the economic front, the all-general (CPI) rose to 2.92% in April 2019, compared with 2.86% in March 2019. The based on CPI was 4.58% in April 2018. The (CSO) released the data after market hours yesterday, 13 May 2019.

Overseas, Asian shares declined Tuesday following a sharp fall in US stocks overnight as the trade war between and the escalated.

announced on Monday that it will raise tariffs on $60 billion worth of US goods, beginning on 1 June 2019. The goods targeted include a broad range of Last week, US raised duties on $200 billion in Chinese goods to 25% from 10%.

US Trade Representative's office reportedly said it planned to hold a public hearing next month on the possibility of imposing duties of up to 25% on a further $300 billion worth of imports from China.

In US, stocks closed sharply lower Monday, as investors weighed an escalating tariff fight that could pose risks to the US, Chinese and global economies.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 10:33 IST