Market View by Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund - September 19, 2018
"Stock markets in India continued their downward trajectory as trade-war fears threatened to derail global economic growth. In the wake of the Trump administration announcing that the US will impose 10% tariffs on $200 billion worth of Chinese imports, and that those duties will rise to 25% at the end of the year, China announced that tariffs targeting more than 5,000 US products, worth about $60 billion, will go into effect on 24 September 2018. At the same time, China's commerce ministry said that it filed a complaint to the World Trade Organization (WTO) against the US. Both the benchmark Sensex and the Nifty finally closed the day with losses of around 0.25%. Sectoral performance, though mixed, was largely skewed towards the negative".