Domestic stocks lay in tatters right at the start on Friday as trade war intensified, with US President
Donald Trump ordering levies on Chinese goods and China readying a plan to
return the fire.
The BSE Sensex dived 355 points to 32,650 and the NSE Nifty
breached the crucial 10,000 level to trade at 9,968, down 146 points.
It was trail of destruction on Wall Street overnight. Three main indices had plunged more than 2 per cent after Trump's sweeping tariff order on Chinese goods worth of up to $60 billion.
It was trail of destruction on Wall Street overnight. Three main indices had plunged more than 2 per cent after Trump's sweeping tariff order on Chinese goods worth of up to $60 billion.
Union Bank of India
(down 8 per cent), Reliance Communications (down 7 per cent), MMTC (down 6 per
cent) and Reliance Naval (down 6 per cent) were the top losers on BSE.
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