Shares retreated in Europe early on Monday after a mixed day in Asia as surveys of manufacturers showed business confidence crumbling as Washington and Beijing spar over trade and technology.
The Sensex on Tuesday ended 382 points in the red, after touching a record high of 39,572 minutes into the trade. The session started on a firm note with Sensex hitting a life-time high of 39,572, but it failed to hold on to the early gains and ended over 380 points lower.
European stocks and US equity futures were higher on Wednesday after a report fuelled optimism about progress in US-China trade talks, offsetting disappointment about the size of potential US interest rate cuts. Global shares had opened weaker after comments by Federal Reserve Chairman Jerome Powell and St. Louis
Hong Kong’s exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 billion takeover offer on Friday.
The NSE Nifty 50 index fell 1.01% to 14,572.40 by 08:29 GMT while the S&P BSE Sensex slipped 1.07% to 49,257.85.
By 03:51 GMT, The blue-chip NSE Nifty 50 index fell 0.83% to 14,437.45 and the benchmark S&P BSE Sensex slid 0.79% to 48,829.83.
The blue-chip NSE Nifty 50 index fell 0.4% to 14,687 and the benchmark S&P BSE Sensex dropped 0.6% to 49,579.75 as of 05:02 GMT.
The blue chip NSE Nifty 50 index was up 0.45% at 15,005.20, while the benchmark S&P BSE Sensex was up 0.44% at 50,625.21.
Shares in Taiwan, India and Thailand were higher, as upbeat Chinese exports data also underpinned risk appetite.