Sensex drops 324 points; Handy ends under 11.500

NEW DELHI: Stock Markets Witnessed A Very Volatile Trade With The Benchmark On Tuesday BSE Sensex Plunder More Than 300 Points Amid Weak Global Signals. Sensex Decreased Nearly 600 Points From The Highest Day And Ultimately Reached 324 Points Or 0.84 Percent Lower At 38,277 NSE Nifty Crashed 100 Points Or 0.87 Percent To Close At 11.498.

After Starting On A High Note, Both The Indices Turned Negative In The Late Deals As US-China Trade Tensions Resurfaced.

International Monetary Fund (IMF) Chief Christine Lagarde Said That Fresh Trade Was Between The United States And China The Main Threat To The World Economy.

" Clearly The Tensions Between The United States And China Are The Threat To The World Economy," Lagarde Stated At A Conference In Paris, Adding That" Rumors" Made An Agreement Between The Countries Less Likely.

US President Donald Trump Said That He Would Raise Tariffs At $ 200 Billion Worth Of Chinese Goods To 25 Per Cent From 10 Per Cent By Friday, And Would" Soon" Target The Remaining Chinese Imports With Tariffs.

On The BSE Index, Tata Motors, ICICI Bank, Bharti Airtel, Reliance Industries, Vedanta, Asian Paints And ITC Were Among The Worst Performers With Their Stocks Falling As Much As 4.60 Per Cent. 24 Out Of 30 Stocks Ended In Red On The BSE Platform.

On NSE, Except For Nifty IT, All Other Sub-indices Closed In Red With Nifty Media And PSU.

Meanwhile, Foreign Institutional Investors (FIIs) Sold Equity Worth Rs 948.98 Crore On Monday, While Domestic Institutional Investors (DIIs) Purchased Shares To The Tune Of Rs 89.89 Crore, Provisional Data Available With Stock Exchanges.