Frontline indices, the Sensex and the Nifty 50, ended in the red on Tuesday, October 14, extending their losses to a second consecutive session, as they tracked weak global cues. The Sensex ended the day at 82,029.98, down 297 points, or 0.36 per cent, while the Nifty 50 settled with a loss of 82 points, or 0.32 per cent, at 25,145.50.
The mid and small-cap segments underperformed, as the BSE Midcap and BSE Smallcap indices lost 0.74 per cent and 0.95 per cent, respectively.
The overall market capitalisation of BSE-listed firms dropped to ₹459 lakh crore from ₹462.5 lakh crore in the previous session, resulting in a loss of over ₹3 lakh crore for investors in a single session.
Indian stock market: 10 key highlights from the day
1. Why did the Sensex, Nifty 50 fall for the second consecutive session?
The Sensex and Nifty 50 ended lower for the second consecutive session amid persistent concerns over a renewed escalation of trade tensions between the US and China.
US President Donald Trump on Friday slapped China with an additional 100 per cent tariff, in addition to the existing 30 per cent duties, effective November 1 or sooner, following China’s new restrictions on rare earth elements.
The US and China are the world’s two largest economies, and a trade tussle between them can have serious impacts on global economic growth.
Moreover, the unimpressive Q2 results so far and cautious management commentaries have kept the market mood sombre.
(This is a developing story. Please check back for fresh updates.)
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