India, Aug. 13 -- Indian shares were moving lower on Tuesday as protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe haven assets such as the Japanese yen, gold and bonds. Lingering worries over U.S.-China trade tensions also weighed on markets.
The benchmark S&P BSE Sensex was down 220 points or 0.59 percent at 37,361 while the broader NSE Nifty index was down 54 points or 0.49 percent at 11,055.
Shares of Reliance Industries soared 8 percent after the company announced it would sell a 20 percent stake in its oil-to-chemicals business to Saudi Arabian giant Aramco for an enterprise value of $75 billion (around Rs 5.3 lakh crore).
The company wants to become a zero net debt company within FY 2020-21 and ...