India’s stock market logged losses on Monday, June 25, in tandem with Asian trading floors amid rising fears of a trading war between the US and other countries. Donald Trump is reportedly set to bar Chinese companies from investing in US technology firms. Recapping the benchmarks, the Nifty 50 eased 0.55% to 10,762.45, while the BSE Sensex closed 0.61% lower at 35,470.35. By 10:24 GMT, the USD/INR pair traded up 0.37% to 68.115, while EUR/INR advanced 0.26% to 79.3346. The 10-year government bond yield widened to 7.839%. Automaker Tata Motors sank 6.0% on news that Donald Trump intends to impose a 20% tariff on imported Chinese autos assembled in the EU. These measures may relate to the Jaguar Land Rover, one of Tata’s major divisions. Refineries Bharat Petroleum, Hindustan Petroleum and Indian Oil retreated 3.4%, 3.9% and 1.6%, respectively, amid rising oil prices. Meanwhile, PNB Housing Finance spiked 13.9% on news that that two other representatives of the sector Housing Development Finance and Kotak Mahindra Bank are competing for the right to purchase a controlling stake in the company. The daily chart shows that the BSE Sensex has traded near the lower end of a rising wedge. Given that there are no signs of overselling, the benchmark may break through the lower end of this formation. $SENSEX, S&P BSE SENSEX INDEX / D