Sensex falls over 260 pts, Nifty holds 10,700 amid US-China trade tensions

Closing Bell: Sensex falls over 260 pts, Nifty holds 10,700 amid US-China trade tensions

Benchmark indices closed sharply lower on Tuesday, following weakness in the global peers on US-China trade tensions

The Sensex fell 261.52 points to 35,286.74 and the Nifty slipped 89.40 points to 10,710.50

HPCL, UPL, Reliance Industries, Indiabulls Housing Finance, Maruti, Tata Motors and L&T were under pressure while GAIL and Bajaj Finance gained more than a percent

Nifty Midcap index lost more than 220 points.

CG Power, Firstsource Solutions, SAIL, Rain Industries, NMDC, Adani Enterprises, CESC, Indiabulls Real, Reliance Capital, Tata Global, Edelweiss, IGL, LIC Housing Finance, Venkys and Motilal Oswal declined up to 5 percent.

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The crucial resistance for Nifty spot is now seen at 10760 and above this 10820. Support for the immediate term is now placed at 10690 next support will be 10575.

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