Equity markets commenced buying and selling on Tuesday with a sluggish begin, influenced by lacklustre global market tendencies and contemporary international fund outflows. During early commerce, the 30-share BSE Sensex dropped by 130 factors to 72,660.13, whereas the Nifty recorded a decline of 36.4 factors, settling at 22,085.65.
However, each indices managed to recuperate from their preliminary losses and confirmed marginal features later within the session. The BSE benchmark was up by 10.30 factors at 72,800.43, and the Nifty traded 8.85 factors increased at 22,135.60.
Key shares on the Sensex, together with Axis Bank, Bharti Airtel, HDFC Bank, Larsen & Toubro, Bajaj Finance, ICICI Bank, and Reliance Industries, skilled important declines. Conversely, Tata Consultancy Services, HCL Technologies, Wipro, and UltraTech Cement emerged as gainers.
In Asian markets, Seoul, Tokyo, and Hong Kong witnessed downward tendencies, whereas Shanghai noticed constructive motion. Meanwhile, US markets concluded Monday’s session with slight losses. Foreign Institutional Investors (FIIs) divested equities amounting to Rs 285.15 crore on Monday, as indicated by trade knowledge.
On the earlier buying and selling day, the BSE benchmark witnessed a decline of 352.67 factors or 0.48%, settling at 72,790.13, whereas the Nifty fell by 90.65 factors or 0.41%, closing at 22,122.05. Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd., anticipated heightened volatility throughout the week as a result of expiry of Futures and Options (F&O) contracts.
Additionally, the global oil benchmark, Brent crude, skilled a slight lower of 0.12%, reaching USD 82.43 per barrel.
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