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Sensex falls 65 points on global trade worries

The Tribune 2019-12-03 09:54:00


Equity benchmark Sensex fell over 65 points in early trade on Tuesday in line with global market sell-offs as investors panicked after the US decision to impose tariffs on Argentina and Brazil.

The fresh trade war tensions along with unabated foreign fund outflows weighed heavily on the market sentiments, traders said.

The 30-share index was trading 65.51 points, or 0.16 per cent, lower at 40,736.66. Similarly, the Nifty slipped 23.75 points, or 0.20 per cent to 12,024.45.

In the Sensex pack, Tata Steel emerged as the biggest loser with a slide of 1.95 per cent, followed by Vedanta, IndusInd Bank, Bharti Airtel, ONGC and Axis Bank.

However, Bajaj Auto, Tata Motors, SBI, Bajaj Finance and Maruti gained in the morning trade. PTI

Rupee rises 8 paise to 71.58 against US dollar in early trade