By UNI
MUMBAI: The benchmark index of Bombay Stock Exchange (BSE) slipped on Thursday by 70.85 points to end the session on a negative note at 35,574.55 on profit-booking by local operators at higher level amidst weaker Asian cues over trade tensions between China and United States.
The Nifty of National Stock Exchange (NSE) too declined by 20.15 points to 10,749.75.
A deadline for imposition of US tariffs on China worried investors across Asia too. The Sensex extended overnight gains today when it went up by 58 points to 35,703.17 in the morning trade.
It then increased by 103 points to touch day's high of 35,748.26 in intraday.
Also Read: Sensex flat; investors cautious ahead of key events
Later, it dipped by nearly 128 points to hit day's low of 35,517.79, before closing at 35,574.55, down by 70.85 points as compared to its last close.
The Nifty registered day's high and low at 10,786.05 and 10,726.25 points, respectively.
The sectoral indices like Energy, Health Care, It, Technology and Realty dragged the market down, along with scrips of Infosys, VEDL, Tata Steel and Reliance Industries, brokers informed.
Among secondary barometers, the BSE Mid-Cap index lost 0.71 per cent. The mall-Cap index edged lower 0.40 pc. Both these indices underperformed the Sensex.
The market breadth was negative on BSE, as 1,057 shares gained against 1,552 fell and 147 were unchanged.
In overseas markets, most Asian stocks declined as investors searched for direction ahead of a deadline when tariffs from the US and China are due to be implemented.
A looming July 6 deadline is set to see the US impose a 25 per cent tariff on USD 34 billion worth of Chinese goods from more than 800 product categories.
China has also announced that it will retaliate with duties on the same value of US products. US stock market was shut on Wednesday for the Independence Day holiday.
