Stock market open with big fall, Trade war impacts global commercial markets

On Thursday, the domestic stock market opened with a big fall. The impact of the weakness of the Asian markets also appeared on the Indian market. The growing trade war between the US and China influenced the business sentiment of all the global markets.

The growing trade war between the US and China influenced the business sentiment of all the global markets.

US President Donald Trump accused China of breaking the deal. He will have to suffer this. Significantly, both the countries are going to start a new round of dialogue today. Trump threat has created fear in the markets around the world.

At 9.30 am, the BSE Sensex was down 162 points or 0.43 percent to 37,627. At the same time, the Nifty 50 Index was trading at 11,309 level with 51 points or 0.45 per cent weakness.

On Wednesday, the trend of the US stock markets was soft. Dow Jones registered a nominal gain of 0.01 per cent. While the S & P 500 index was weaker by 0.16 percent. Nasdaq composite ended the session with a decline of 0.26 percent.

Even in the BSE Smallcaps and Midcap Index, there was a weakness of up to half percent. Index of most BSE sectors was trading in the red mark. BSE Energy Index dipped more than 2% Only tech, IT and consumer durables have registered faster.

Reliance Industries shares fell 2.27 per cent to Rs 1,270 on the BSE Sensex. YES Bank's stock plunged to Rs 158.05 with a weakness of 1.68 per cent. NTPC, IndusInd Bank and ICICI Bank's shares broken 1.64%, 1.02% and 0.93% respectively.

On the other hand, shares of Hero Motocorp rose by 1.04 per cent to Rs 2,526.70. Infosys shares increased by 0.65 points to Rs 722.80 The shares of Maruti Suzuki, Larsen & Toubro Bajaj Auto were 0.43 percent, 0.40 percent and 0.29 percent respectively.

Japan's Nikkei slipped 0.9 percent below the Asian markets. While South Korea's Cospei recorded a fall of 0.8 percent. The Austrian market slipped to 0.3 percent. Due to the sale of the sale, the rupee also declined by 14 paise.

Foreign Portfolio Investors (FPI) is changing the trend. They are selling in the market. During Wednesday's session, investors of this category sold shares worth Rs 701.5 crore in the Indian market. However, domestic institutional investors (DII) bought shares worth Rs 232.95 crore.

Even today, many companies are going to present their fourth quarter results. Companies like Voltas, HCL Technologies, Asian Paints, GMDC, GSPL, HCC, IOB and McDowell's Holdings will present the results of their March quarter.

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