Share Market highlights: Sensex recoups losses after Amit Shah’s Kashmir statement, Nifty near 10,850
BSE Sensex, Nifty highlights: After plunging 700 points, the 30-share Sensex made a recovery in the afternoon trade, following Home Minister Amit Shah’s statement on the ongoing Kashmir issue. The Sensex ended 419 points down at 36,699.84 while the Nifty ended above the 10,850-mark. Home Minister Amit Shah moved a resolution to do away will all clauses of article 370 of the Constitution. Earlier, the Sensex plunged more than 700 points to 36,416.79 amid global market turmoil and imposition of Section 144 in Kashmir. Yes Bank, Tata Motors, Powergrid shares closed lower by more than 5% each. Bharti Airtel, Tech Mahindra, TCS were among the shares ending in the green on Monday. Asian shares slid to 6-1/2-month lows on Monday and the yuan plunged as a rapid escalation in the Sino-US trade war drove nervous investors to safe-havens such as the yen, bonds and gold. US President Donald Trump abruptly decided on Thursday to slap 10% tariffs on $300 billion in Chinese imports, stunning markets and ending a month-long trade truce. China vowed on Friday to fight back, Reuters reported.