Markets dip for 6th day

Mumbai: Markets wilted under selling pressure for the sixth straight day Wednesday as investor sentiment remained grim amid US-China trade tensions and declining foreign fund inflows. The 30-share BSE Sensex plunged 487.50 points to end at 37,789.13; while the broader NSE Nifty sank 138.45 points. According to traders, domestic equities tracked weakness in global markets, which have been rattled ever since US President Donald Trump threatened to hike tariffs on USD 200 billion worth of Chinese goods this week. The recent flare-up in tensions between the world’s two top economies has sent investors scurrying to safe-haven assets like bonds, gold and the Japanese yen.

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