The BSE Sensex closed 60.73 points down at 34,950.92, while the Nifty 50 ended 24.80 points lower at 10,528.20. Here are the highlights from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 declined marginally on Monday amid negative cues from global markets over uncertainty about US-China trade talks. The Indian rupee weakened against the US dollar, tracking losses in Asian currencies. Shares of oil and energy companies such as Indian oil and NTPC declined, offsetting gains in pharma and realty sectors. Shares of NBFCs along with some private banks such as ICICI Bank and IndusInd banks also contributed to losses. However, Axis Bank shares rose over 2% after Q2 results.

In global markets, stocks in Europe struggled after Asian shares declined as optimism over a potential U.S.-China trade deal receded. Futures on the Dow, Nasdaq and S&P 500 fell alongside those in Asia after White House economic adviser Larry Kudlow downplayed the potential for a quick deal with China, reported Bloomberg. Oil prices fell as traders keenly await the outcome of negotiations on possible waivers of US sanctions on Iran. The sanctions will be reimposed today covering Iran’s oil, banks, insurance and shipping sectors.

3.35 pm IST
Closing bell: Sensex, Nifty close lower
The BSE Sensex closed 60.73 points, or 0.17%, down at 34,950.92, while the Nifty 50 ended 24.80 points, or 0.24%, lower at 10,528.20.

3.22 pm IST
RIL shares up over 1%
Shares of Reliance Industries traded 1.28% up at Rs 1,087.95 per share. HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals, RIL said in a press release.

source: livemint.com