Mumbai July 5 (IANS) Tepid investor sentiments in the Asian markets on the back of trade war concerns subdued the key Indian equity indices on Thursday.
In the Asian markets concerns prevailed as Friday June 6 is the deadline set by the US to impose tarrifs on Chinese goods worth $34 billion.
Further a depreciating Indian rupee also weakened the investor sentiments in the domestic market.
Index-wise the broader Nifty50 of the National Stock Exchange (NSE) closed at 10 749.75 points lower by 20.15 points or 0.19 per cent from its previous close of 10 769.90 points.
The barometer 30-scrip Sensitive Index (Sensex) which opened at 35 703.17 points closed at 35 574.55 points down by 70.85 points or 0.20 per cent from its previous session s close of 35 645.40 points.
Sensex touched a high of 35 748.26 points and a low of 35 517.79 points during the intra-day trade. The BSE market breadth was bearish with 1 607 declines and 1 077 advances.
"The weakness came on the back of weak Asian markets as a looming deadline for imposition of US tariffs on Chinese products seemed to worry investors across Asia " Deepak Jasani Head of Retail Research at HDFC Securities.
BNP Paribas Mutual Fund Senior Fund Manager for Equities Abhijeet Dey said July 6 2018 is the deadline set by the US for imposition 25 per cent tariff on $34 billion worth of Chinese goods on more than 800 product categories.
"If implemented China is likely to retaliate with duties of the same value on US products " he added.
Globally the major Asian markets closed on a negative note while the European indices like FTSE 100 CAC 40 and DAX traded in the green Jasani told IANS.
On the currency front the rupee ended at 68.95 per dollar 21 paise weaker than its previous close of 68.74 per greenback.
Investment-wise provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 159.37 crore while the domestic institutional investors sold stocks worth Rs 296.97 crore.
Sector-wise the S&P BSE FMCG index gained the most by 115.86 points followed by the banking index which ended 42.12 points higher and the auto index was up 36.51 points.
On the other hand the S&P BSE consumer durables index plunged 561.63 points the IT index fell 225.90 points and the metal index ended lower by 179.72 points from its previous close.
The major gainers on the Sensex were Yes Bank up 3.96 per cent at Rs 348.80; ITC up 2.97 per cent at Rs 272.30; Asian Paints up 2.35 per cent at Rs 1 321.85; Coal India up 2.27 per cent at Rs 270.15; and Bajaj Auto up 1.77 per cent at Rs 2 969.80 per share.
The top losers were Infosys down 4.47 per cent at Rs 1 284.50; Vedanta down 3.09 per cent at Rs 221.10; Tata Steel down 2.71 per cent at Rs 553.50; Tata Motors (DVR) down 2.66 per cent at Rs 153.40; and Reliance Industries down 2.53 per cent at Rs 965 per share.

--IANS rrb/qd/vm