Share markets in India are presently trading near the dotted line. Sectoral indices are trading on a mixed note with stocks in the energy sector and power sector witnessing maximum buying interest. Stocks from the realty sector are trading in the red.

The BSE Sensex is trading up by 12 points (up 0.03%), while the NSE Nifty is trading up by 15 points (up 0.1%). The BSE Mid Cap index is trading up by 0.5%, while the BSE Small Cap index is trading up by 0.3%.

The rupee is trading at 69.69 to the US$.

In the news from global financial markets, US President Donald Trump said that he does not expect much progress from trade talks with China this week.

As per the news, Trump said that he had no time frame for ending the trade dispute with China.

The talks in Washington between the US and China come as new US tariffs on US$ 16 billion of Chinese goods take effect on Thursday this week.

Note that earlier this month, the Trump administration announced to impose 25% tariffs on imports of 279 items from China amounting to US$ 16 billion.

This is the second tranche of such tariffs and is set to come into effect on August 23. The US Trade Representative said that the move is a part of the US’ response to China’s unfair trade practices related to the forced transfer of American technology and intellectual property.

US had already imposed tariffs on US$ 34 billion worth of goods on July 6 but held off on a final US$ 16 billion in goods as a result of concerns from US companies.

How this trade war pans out remains to be seen. Meanwhile, we will keep you updated from all the developments from this space.

From the IT sector, HCL Technologies share price is in focus today. The stock of the company is witnessing buying interest as the company’s shareholders approved a Rs 40 billion share buyback proposal.

The buyback is part of the company’s strategy to return more than 50% of its net income to the shareholders. As per the company filing, HCL Technologies said that 99.59% shareholders had voted in favor of the proposal.