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Indian bourses continue to trade weak in early noon session
India, Feb. 8 -- Indian bourses continued their weak trade in early noon session on account of selling witnessed in front line blue chip stocks along with weak cues from global markets on renewed concerns over US-China trade tiff. Selling in Tata Motors, Vedanta and ICICI Bank dragged the markets lower, with Sensex and Nifty losing around 0.55% and 0.54% respectively. Sentiments remained downbeat despite the Reserve Bank lowered the policy rate by 25 bps to make the most of the space offered by the softening in prices, and will deliver more on the rate front if its lower inflation estimates are achieved. Besides, broader indices were also trading in red, dragging their larger peers lower during the trade. Market participants paid no attenti...
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