Nifty fell below 11,360 in pre-opening and Sensex cracked over 360 pts; rupee also fell, opening lower at 71.22 per dollar.
Indian market benchmarks Sensex and Nifty opened in the red. Sensex declined over 225 points while Nifty traded below 11,280 in early deals. Yes Bank jumped 10 percent higher, but Vedanta declined nearly 3 percent.
Indian market pared losses on support coming from select heavyweights such as ICICI Bank, ITC, Yes Bank and State Bank of India.
Gold prices rebounded in futures trade, supported by a sell off in equity. Fresh concerns around trade war made investors avoid riskier equities and go for safe-haven assets.
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