Stocks fall for 3rd day on rising trade worries

The BSE Sensex had lost 82.20 points in the previous two sessions

The BSE Sensex had lost 82.20 points in the previous two sessions

At 09:24 am, the S&P BSE Sensex was trading 60 points lower at 33,819 while NSE Nifty slipped below 10,400 level to 10,389, down 22 points.

Shares of Amtek Auto, GVK Power, Adani Enterprises, Oberoi Realty, Kolte-Patil, NLC India, Reliance Infrastructure, Reliance Capital and SAIL were down by almost seven percent, while Graphite India, Canara Bank and Syndicate Bank gained in closing trade.

Benchmark indices extended losses and were dragged by weakness in metal, oil and gas, FMCG, auto and financial services stocks.

The equity indices began in red as trade war distress reached new heights.

After opening in the positive zone at 33,843.47, the Sensex advanced to the day's high of 33,866.28 at the outset.

Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors' nerves, already frayed by fears that US tariffs could hurt the global economy and trigger a trade war.

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Omokri said it beats his "imagination why a President who is close to 80 years of age will continue to lie like a child". He also urged the president to work fast in trying to rescue their daughters and reunite them with their parents.

Investors were back on the ropes after the United States said Wednesday it would take action at the World Trade Organization against Indian export subsidies. The gauge has lost 232.40 points in the previous three trading sessions.

The benchmark reached 0.40 percent down by 136.94 points to be at 33548.60 points.

The NSE Nifty50 fell by 15.95 points, or 0.15 per cent, to close at 10,410.90 points, while the Sensex closed at 33,835.74 points - down 21.04 points, or 0.06 per cent.

Major laggards were Axis Bank, Hindustan Unilever, ICICI Bank, Reliance Industries, Tata Steel and Yes Bank falling by up to 2.10 percent. They lost by 1.40 percent. In the U.S., the Dow Jones Industrial Average, however, ended 0.47 percent higher on Thursday.

Gitanjali Gems stock continued its downturn, cracking 4.78 per cent to Rs 12.95.

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