Sensex drops 200 points over US-China imbroglio

January 15, 2020 10:05

Equity benchmark Sensex dropped nearly 200 points in opening session on Wednesday as global investor sentiment dampened after the US said its initial trade deal with China does not include tariff rollback.

The 30-share BSE index was trading 190.81 points or 0.45 per cent lower at 41,761.82. Similarly, the broader NSE Nifty fell 53.15 points or 0.43 per cent to 12,309.15.

IndusInd Bank, Tata Steel, UltraTech Cement, SBI, Infosys, Axis Bank and ICICI Bank were the among the top losers in the Sensex pack, shedding up to 3 per cent.

On the other hand, Titan, Hero MotoCorp, Tech Mahindra, Nestle and Sun Pharma rose up to 1.30 per cent. In the previous session, Sensex settled 92.94 points or 0.22 per cent higher at 41,952.63 - its all-time closing high. Likewise, Nifty ended 32.75 points, or 0.27 per cent, higher at 12,362.30, which was a record closing level. -- PTI

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