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Sensex, Nifty Turn Choppy; Rupee Slips 13 Paise To 70.07

Sensex, Nifty Turn Choppy; Rupee Slips 13 Paise To 70.07

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow.

After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59. The broader NSE Nifty was trading below the 11,300 level at 11,285.75.

In the previous session on Thursday, the BSE bourse closed 230.22 points, or 0.61 per cent, down at 37,558.91, and the broader NSE Nifty shed 57.65 points, or 0.51 per cent, to settle at 11,301.80.

Among the top losers in early session were HCL Tech, Asian Paints, Bajaj Finance, HUL, IndusInd Bank, PowerGrid, L&T, Kotak Bank, ITC and Sun Pharma, shedding up to 4.31 per cent.

On the other hand, RIL, Tata Motors, HDFC twins, Axis Bank, Bharti Airtel, ICICI Bank and TCS were the top gainers, rising up to 1.04 per cent.

According to traders, investors were cautious ahead of the outcome of the 11th round of talks aimed at ending the trade war between the world’s two largest economies US and China.

The rupee also depreciated by 13 paise to 70.07 against the US dollar in early trade Friday as US-China trade related concerns and foreign fund outflows weighed on investor sentiments.

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