Stock market LIVE updates today, Thursday, July 18, 2024: Indian stock markets were swinging between gains and losses on Thursday, amid trade war concerns between the US and China. The BSE Sensex was trading 160 points lower at 80,550 level, while the Nifty 50 was down 56 points at 24,556.
Bloomberg reported on Wednesday that the Joe Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. Besides, former president Donald Trump said Taiwan should pay the US for its defence. He also claimed Taiwan took ‘about 100 per cent’ of America’s semiconductor business.
In the broader markets, the BSE MidCap and SmallCap indices slumped over 1 per cent each.
Among sectors, the Nifty IT added 0.9 per cent, the Nifty FMCG 0.5 per cent, and the Nifty PSU Bank 0.12 per cent. On the downside, the Nifty Media index fell 4 per cent.
