Sensex falls 115 points, Nifty settles at 10741; ITC, PSU bank stocks drag

Benchmark indices BSE Sensex and NSE’s Nifty 50 fell on Thursday dragged by losses in telecom, auto and banking stocks and mixed cues from global markets. Stocks in Europe and Asia declined as global markets were dominated by US-China trade war fears as China reiterates to retaliate against US. Meanwhile, RBI’s June meeting minutes gave no indication of future rate action, citing uncertainties around oil and food prices. Foreign investors sold shares worth Rs2,442.61 crore on net basis, while local investors purchased equities to the tune of Rs1,473.65 crore, provisional data showed on Wednesday. 
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