Mumbai, Aug 10 (IANS) A benchmark index for Indian equities was trading in the negative terrain Tuesday as short-term investors booked profit after the rally in the previous session.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the red and declined 0.75 percent or 70 points to 18,217 by noon.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was also in the red, trading at 5,463 points, down 0.41 percent or 22 points.
Among the major drags on the Sensex were Tata Motors, down 2.06 percent at 900.05; Wipro, down 1.69 percent at 429.75, TCS, down 1.53 percent at 864.85 and Reliance Comm, down 1.5 percent down at 174.45.
Broader markets indices were also in the red with the BSE midcap index 0.14 percent down and the smallcap index trading 0.02 percent lower.
Most Asian markets were in the red after data revealed that China’s imports for the month of July were weaker than expected.
The Chinese Shanghai Composite index fell 2.88 percent at 2,595 points. Hong Kong’s Hang Seng declined 1.36 percent at 21,505 and the Japanese Nikkei declined 0.22 percent at 9,551.
