Mumbai: Sensex and Nifty traded in the red during the morning trade session after they opened slightly higher on Friday. Also Read - Sensex Falls By 1,300 Points; Banking, Auto Stocks Plunge
Investor sentiments have taken a beating following the surprise escalation of trade tension between US and China. Also Read - Sensex Falls 440 Points To 50,406; Nifty Slips Below Key 15,000 Level
Foreign Institution Investors have also turned sellers during the past few sessions and the fourth quarter earning outcome have not been encouraging. Also Read - Sensex Dives 726 Points, Slips Below 51,000-Level; Nifty Down By 197 Points
While the financial sector stocks gained, auto, FMCG and IT declined.
The Sensex of the BSE opened at 37,632.36 from its previous close of 37,558.91 on Thursday.
At 9.52 a.m., the Sensex traded 3.83 points or 0.01 per cent lower at 37,555.08.
The Nifty of the National Stock Exchange (NSE) opened at 11,314.15 after closing at 11,301.80 on Thursday.
The Nifty traded at 11,291.40 during the morning trade session, down 10.40 points or 0.09 per cent.