Mumbai (Maharashtra), June 27 -- : Late hour trading in stocks wiped out early gains on Thursday and equity benchmark indices ended marginally lower as US President Donald Trump demanded India withdraws retaliatory tariffs imposed earlier his month.
IT stocks dropped as Trump called the duties unacceptable while investors took it as a signal of worsening trade ties between the two countries.
The BSE S&P Sensex closed six points lower at 39,586 while the Nifty 50 was also down by six points at 11,842.
At the National Stock Exchange (NSE), sectoral indices of IT, FMCG, metal and PSU banks were in the red at closing.
Among stocks, Tech Mahindra slipped 2.1 per cent at Rs 703.05 per share while HCL Tech dropped 1.6 per cent to wind up at Rs...