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This article is more than 3 year old.

Market likely to continue negative trend in expiry week as trade war fears persist

Mini

Indian shares are set for a subdued start on Thursday as growing trade tensions between the United States and major economies are likely to weigh on sentiment.

Market likely to continue negative trend in expiry week as trade war fears persist
The market is likely to continue its negative trend on Thursday as its global peers were affected amid escalating trade war.
Asian stocks slumped to nine-month lows on Thursday on growing worries that the US administration's approach to trade is harming global economic growth.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 percent while Japan's Nikkei shed 0.30 percent.
The US S&P 500 closed at one-month low on Wednesday, losing 0.60 percent.
The Indian market on Wednesday closed in the red, in line with global peers. The Sensex fell 273 points to 35,210 while the Nifty lost 98 points to 10,671.
The biggest fall was seen in midcaps, with the leading index slipping 277 points to 18,183. A drag in midcaps kept the market breadth in favour of declines with the advance-decline ratio at 1:6.