Key Indian benchmarks decline on Wednesday
Mumbai, Apr 4 (IBNS): Key Indian benchmark indices dipped on Wednesday largely affected by the intensifying trade war between China and the United States. according to media reports.
In retaliation to the US announcing a proposed list of products imported from China that could be subject to additional tariffs of 25 per cent amounting to USD 50 billion, China on Wednesday too issued new tariffs (implementation date to be declared later) on $50 billion list of US goods, ranging from soybeans to aircraft, media reports said.
BSE Sensex was down 351.56 points at 33,019.07 and NSE Nifty was down 116.60 pointsat 10,128.40.
Top gainers on Wednesday included Tata Motors, Tata Motors (D), Eicher Motors, Hero Motocorp, Bajaj Finance, Adani Ports and HUL while UPL, Hindalco, Tata Steel, Axis Bank, IndusInd Bnak, NTPC, L&T and Vedanta were some of the key stocks that declined.
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