Indian equity benchmark -- Nifty -- ended lower on Monday amid renewed US-China trade conflict. Index made a negative start following broadly negative cues from global markets amid US President Donald Trump threatened to impose 100% tariffs on Chinese goods following the China’s move to tighten restrictions on rare earth exports. Further, index continued its lackluster trade in late morning session. Traders were cautious as RBI data showed that India's forex reserves fell by $276 million to $699.96 billion during the week ended October 3. Besides, Foreign Institutional Investors (FIIs) bought equities worth Rs 459.20 crore on Friday. In second half of the session, index remained lower. Traders opted to remained on sideline ahead of Q2 earning from prominent companies like HCL Tech, Infosys and Reliance Industries for further direction. Finally, index ended below 25,250 mark.
