Subdued trading at stock markets on Tuesday
Subdued trading at stock markets on Tuesday

Stock markets flat as US decides to end preferential trade treatment for India

ANI | Updated: Mar 05, 2019 13:05 IST

Mumbai (Maharashtra) [India], Mar 5 (ANI): Benchmark indices traded flat in the morning session on Tuesday as investors adopted a cautious approach after US President Donald Trump said he plans to end preferential trade treatment for India.
The trading sentiment was also subdued due to heightened geopolitical tension between India and Pakistan, though the situation appeared to be easing.
At 11:20 am, the BSE S&P Sensex was up 41 points at 36,104 while the NSE Nifty 50 climbed up 23 points to 10,887 level.
Stocks of IT companies like Wipro, Infosys and Tech Mahindra -- for whom the United States is the biggest market -- were trading in the red.
However, Tata Motors, Hero MotorCorp and Hindustan Petroleum traded marginally higher.
Meanwhile, Asian markets were mostly in the negative territory as China cut its growth target from 6.5 to 6 per cent this year. There were also rising concerns over a dispute on trade and technology with the United States.
(ANI)

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