Indian stock market opens flat amid mixed global cues
NEW DELHI: The domestic benchmark indices started the session flat amid mixed global cues, as US President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to ease the trade conflict for a year only.
The Sensex started the session at 84,379.79, down 25 points against the last session's closing of 84,404.46. Nifty opened 14 points lower at 25,863.80. However, both the indices turned green in a while amid buying in automobile and banking heavyweights.
"The Trump-Xi summit delivered only a one-year truce in the US-China trade war, not a breakthrough trade deal. To that extent, market participants were disappointed at the outcome, even though there is relief in the declining trade tensions and possible movement towards further progress," analysts said.
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