Markets end in red in choppy trade on weak global cues 

Markets end in red in choppy trade on weak global cues 

The 30-share index was trading lower by 84.09 points, or 0.24 per cent, at 35,538.05. The gauge had gained 22.32 points in the previous session.s

BSE benchmark Sensex closed lower by about 74 points at 35,548.26 in a choppy trade today amid flaring up of trade tariff tensions between the US and China, forcing investors to adopt a cautious stance.

US President Donald Trump on Friday slapped a 25 per cent tariff on USD 50 billion worth of Chinese goods, as he accused Beijing of intellectual property theft and unfair trade practices, triggering a full-fledged trade war between the world's two largest economies.

Reacting to Trump's latest announcement, China said it has imposed "equal" tariffs on US products.

The 30-share Sensex opened on a somewhat better note at 35,698.43 and slipped further to touch a high of 35,721.55, largely on sustained capital inflows by domestic institutional investors (DIIs) and a drop in global crude prices.

However, the absence of cues from other Asian markets as most financials was shut today for public holidays and a weak opening in European shares reversed the early gains, with the gauge hitting a low 35,518.73. It finally ended at 35,548.26, down 73.88 points, or 0.21 per cent.

The barometer had gained 22.32 points in the previous session on Friday.

The 50-share NSE Nifty cracked the 10,800-mark by falling 17.85 points, or 0.16 per cent, to close at 10,799.85. During the session, it moved between 10,830.20 and 10,787.35.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 1,524.74 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 561.01 crore on Friday, provisional data showed.