Benchmark indices Sensex and Nifty pared losses after falling nealy 1% each in early trade. While Sensex was trading 300 points lower at 38,662, Nifty fell 90 points to 11,620. Sensex and Nifty tanked in early trade today in line with their Asian peers after US president Donald Trump threatened in a tweet to impose more tariffs on China, spooking investors who had been expecting good news on trade. Of 30 Sensex stocks, 26 were trading in the red. Tata Motors, YES Bank and Tata Steel were top Sensex losers. Banking, auto and metal stocks led the losses on benchmark indices.Meanwhile, rupee opened higher at 71.21 per dollar compared to its last close of 71.33.

Here's a look at live updates for the Indian share market today.

11: 05 am: Hindustan Unilever share price falls 1.86% to 1,661 on BSE after FMCG major Hindustan Unilever reported a 13.84 per cent rise in net profit to Rs 1,538 crore for the quarter ended March 31, helped by improvement in margins and volume growth.

10: 51 am: Sensex pares losses, trading 275 points lower at 38,620.  Nifty too falls 93 points to 11,619.

10: 40 am: China is considering to cancel the high-level trade talks with the US, multiple media reports have said, hours after President Donald Trump threatened to impose more punishing tariffs on $200 billion worth of Chinese products.

President Trump's remarks came on Sunday as the two countries locked in a longstanding trade war seemed near to striking a trade deal.

10: 15 am: E-commerce company Infibeam Avenues said it has terminated services of chartered accountancy firm SRBC & Co. LLP as one of the joint statutory auditors on grounds of alleged sharing of unpublished price-sensitive information. SRBC & Co LLP, an affiliate of global auditing firm EY, in a statement issued later in the day refuted charges and said it is open to a regulatory inspection and will respond to the regulators, as required.

9: 50 AM: Jet Airways share price trading 3.14% lower at 131 level on BSE. 

9: 45 AM: While 15 stocks hit their 52-week highs, 55 fell to their 52-week lows on BSE.

9: 40 am: JM Financial (Rs 108.01 crore), Reliance Industries (Rs 47.85 crore), and YES Bank  (Rs 13.55 crore) were the top stocks in terms of turnover on BSE.

9: 35 AM: The Shanghai Composite index sank 4.9%, briefly dipping 5% lower, and the Hang Seng in Hong Kong plunged 3.5%. Markets were closed in Japan. The future contract for the Dow Jones Industrial Average fell 1.9% to 25,996.00, while that for the S&P 500 also shed 1.9%, to 2,892.00.

Shares also fell sharply in Taiwan, Singapore, Australia and Indonesia.

9: 34 am: US President Donald Trump unexpectedly mounted pressure on China to reach a trade deal, saying he would hike US tariffs on Chinese goods this week.

For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....

- Donald J. Trump (@realDonaldTrump) May 5, 2019

9:32 am: PowerGrid (0.95%), Bharti Airtel (0.38%) were the top Sensex gainers. Top Sensex losers were Tata Motors (3.58%), Tata Steel (3.33%) and YES Bank (2.73%). On Friday, Sensex closed 18 points lower at 38,963 and Nifty fell 12.50 points to 11,712 level.

9:29 am : Market breadth was negative with 323 stocks trading higher compared to 816 falling on BSE. Meanwhile, mid cap and small cap indices were trading 99 points and 66 points lower in early trade.

9:27 am : Banking and auto stocks led the losses with their BSE indices falling 344 points and 188 points, respectively.

9:25 am: Metal stocks also fell 246 points with their index reaching 11,247 level.

9:20 am : On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 400 crore on Friday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 57.07 crore, provisional data available with BSE showed.

9: 15 am: While Sensex fell 400 points to 38,661 with 28 components in the red, Nifty lost 107 points to 11,605.

9: 05 am: Rupee opened higher at 71.21 per dollar compared to its last close of 71.33.