INSUBCONTINENT EXCLUSIVE:
Mumbai: Benchmark equity index Sensex dropped 127 points and broader Nifty slipped below the 12,000-mark on Tuesday, taking cues from
weakness in their Asian peers as global trade wars opened up on new fronts
policy review for further cues
11,994.20 points.
Markets at a glance:Bears remained in control as market breadth was weak, with more than two shares declining for every
share that advanced on the BSE.
BSE midcap and smallcap had even deeper cuts, falling 0.95 per cent and 0.74 per cent respectively.
All
sectoral indices, barring three, closed in the red
BSE Metals index and BSE Telecoms index fell the most, dropping 2.54 per cent and 1.76 per cent respectively.
As many as 22 of 30 Sensex
They shed 0.76 per cent and 1.50 per cent respectively.
Rival YES Bank tumbled 7.42 per cent on concerns of whether RBI will approve big
Further, RBI monetary policy on December 05 will be crucial as at least 25 bps rate cut is expected as the central bank is likely to place
economic growth on the forefront despite higher inflation
On the global front, the recent tariffs by US on steel imports from Brazil and Argentina may make investors jittery over global trade
shares fell on Tuesday after US President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling
fears over global trade tensions, while weak US factory data added to the investor gloom, Reuters reported.