INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Monday's session over 1 per cent lower tracking weakness in global peers on US-China trade concerns
The SP BSE Sensex fell as much as 453.47 points - or 1.16 per cent - to 38,509.79 in early trade, and the NSE Nifty moved to 11,585.10, down
127.15 points from the previous close
Finance shares - trading with losses of between 1.64 per cent and 3.75 per cent - were the top laggards on the 50-scrip benchmark index at
The telecom and banking majors were due to report their earnings for the quarter ended March 31 later in the day.Shares in global markets
tumbled after US President Donald Trump raised pressure on China to reach a trade deal, saying he would hike US tariffs on Chinese goods
thrown into doubt.Chinese shares plunged more than 4 per cent at one point, while US stock market futures fell close to 2 percent
Crude oil prices also plunged.MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.6 per cent shortly after China's
despite a move on Monday by China's central bank to cut reserve requirements for smaller banks to help boost lending to small and private
firms.Japanese financial markets remain closed until Tuesday for a national holiday, but Nikkei 225 futures dropped 2.4 per cent to
21,955.The Sensex and Nifty had ended 0.05 per cent and 0.11 per cent lower on Friday, extending their losses to a third session in a
row.(With inputs from Reuters)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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