The BSE gauge Sensex was trading 200.69 points, or 0.52 per cent, higher at 38,885.41. The 30-share Sensex index settled 192.40 points, or 0.49 per cent, lower at 38,684.72 in its previous session.
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Top Chinese and US officials are meeting in Washington to reach an agreement after the world's two biggest economies entered into a trade war and imposed tariffs on more than USD 360 billion in two-way trade. Investors were cautious about the downward revision in GDP growth to 7.2 per cent for FY20 by the Reserve Bank of India, while premium valuation and concerns over monsoon further impacted the sentiment. However, dovish view by global central banks and a likely better results in Q4FY19 can stabilise the market in the near-future, experts said.
Meanwhile, foreign institutional investors (FIIs) pulled out Rs 226.19 crore Thursday, and domestic institutional investors (DIIs) bought equities to the tune of Rs 1,206.16 crore, provisional data available with stock exchanges showed.
On the macro front, the rupee appreciated 10 paise to trade at 69.07 to the US dollar in early trade on Friday.
Brent crude futures, the global oil benchmark, fell 0.22 per cent to trade at USD 69.25 per barrel. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading positive.
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