Sensex, Nifty opens at six month low on US-China trade war tensions
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Mumbai, Aug. 23 -- Indian equities hit a fresh near six-month low on Friday amid signs of slowing domestic demand and concern over the protracted trade dispute between the US and China. Investors were also cautious ahead of the speech by Federal Reserve chairman Jerome Powell, awaiting possible clues on interest rate cuts.
At 9:50 am, benchmark Sensex was down 0.8% or 279.28 points to 36,193.65, while the 50-stock Nifty declined 0.6% or 60.05 points to 10,681.30. So far this year, the Sensex and Nifty have risen 0.16% each.
The world's central bankers have gathered at Jackson Hole to discuss economic and monetary policy. The event started Thursday and will end on Saturday. Powell will speak on Friday and traders will look for guidance o...
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