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Local equities continue sluggish trade in morning session
India, Dec. 3 -- Local equity benchmarks continued to show a sluggish trend in morning session, with losses of around quarter a percent, amid global market sell-offs as investors were concerned after the US decision to impose tariffs on Argentina and Brazil. Tata Steel emerged as the biggest loser with a slide over 3%, followed by Yes Bank, Tata Motors - DVR, and Vedanta. Investors remained jittery with a report that India's economic growth is expected to remain subdued in near future as the slowdown has deepened and is likely to remain extended for a longer duration than previously anticipated. Some concerns also came with a report that loan growth has been slowing sharply and remains the biggest problem for Reserve Bank of India (RBI) rat...
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