NEW DELHI: Equity markets on Friday morning were gripped by negative sentiments with
Sensex and
Nifty facing considerable losses in morning trade.
30-share BSE Sensex gained 72 points to open at 38,314.55. But the index slipped soon and lost upto 150 points in morning trade. The broader 50-share NSE Nifty slipped under the key 11,500-mark in the morning and was testing the psychological level.
On Thursday, the indices had finished in the green after six successive days of losses.
Nifty Pharma and Nifty PSU Bank sub-indices were losing the most, at more than 1 per cent each.
Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech-heavy region.
