India-China border dispute affects Indian Share Market

Sep 08 2020 03:40 PM
India-China border dispute affects Indian Share Market

Mumbai: Tensions are once again at the peak on the border between India and China. This has led to vigilance among investors, which has a bearing on the stock market. That's why it is nothing special for the Indian stock market on Tuesday. In fact, the Sensex and Nifty gained up in early trade on the second day of the week.

While the Sensex was trading at 38,500 points at 10 am, Nifty was trading at 11,360 points. The share of IT sector has registered the highest spurt during the trading. Shares of Infosys, TCS and HCL hiked. Infosys shares were seen trading more than 2 per cent. The declining shares include shares of POWERGRID, ONGC, NTPC. In addition, banking shares also registered a decline.

The firing took place on the Indian-Chinese border last Monday night, where firing took place from both sides. However, no one casualty reported in this shootout. Earlier, on the night of August 31, there was talk of firing. The Chinese army then opened fire to remove the Indian Army near the Pangong area, though it was not an aggressive firing.

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