Benchmark indices Sensex and Nifty started off on a weaker note on Wednesday tracking sharp losses in Asian markets amid growing uncertainties about US-China trade deal talks.
The investors are taking a cautious stance ahead of RBI’s monetary policy outcome which is due on Thursday.
The 30-share BSE gauge Sensex was down 119.42 points or 0.29% to 40,556.03 in early deals. Yes Bank was among the top losers in the Sensex pack, down about 4%.
While the 50-scrip NSE Nifty fell 36.90 points or 0.31% to 11,957.30 in early trade.
Yes Bank was among the top losers in the Sensex pack, down about 4%.
Exchange data showed foreign institutional investors (FIIs) sold equities worth Rs 1,131.12 crore on Tuesday.
Experts said investors are worried after US President Donald Trump said that a trade deal with China might have to wait until after the 2020 presidential polls.
On Tuesday, the BSE Sensex settled at 40,675.45, down 0.31% or 126.72 points; while, the Nifty closed at 11,994.20, showing a dip of 0.45% or 54 points.
Meanwhile, the Indian rupee was trading 10 paise lower at 71.76 to the US dollar in early deals.
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