Sensex, Nifty Edge Lower; Metal, IT Stocks Among Top Drags

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The S&P BSE Sensex and NSE Nifty 50 indexes edged lower in trade on Tuesday mirroring losses in other Asian markets after US President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak US factory data added to the investor gloom. Losses in metal, information technology and select banking shares weighed on the benchmarks in opening trade. The Sensex fell as much as 71 points and the Nifty 50 index touched an intraday low of 12,028.55.
As of 9:23 am, the Sensex was down 69 points at 40,732 and Nifty was at 12,030, down 19 points.

Six of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal index’s over 1 per cent decline.

Source By NDTV

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