MUMBAI: Indian stocks joined a global sell-off on Monday as heightened trade tensions between the US and China, the word’s largest economies, risk derailing global growth. The tweets jolted investors who were expecting the US and China to resolve trade tensions. The weakness in Indian markets was in line with other global markets, said Ajay Bodke, chief executive and chief portfolio manager at brokerage firm Prabhudas Lilladher Pvt. The performance of Indian markets has lagged behind that of global peers this year so far. In 2019, the Sensex has jumped 7%, while the MSCI World and MSCI Emerging Markets indices gained 12-15%.

Source: Mint May 06, 2019 18:33 UTC