Amid weak Asian markets and steady foreign fund outflows, the fairness benchmark indices fell in early commerce on Tuesday. The 30-share BSE Sensex fell 98.14 factors to 65,925.55. The Nifty declined 18.75 factors to 19,655.80.
Among the Sensex corporations, Asian Paints, Kotak Mahindra Bank, Tech Mahindra, Tata Consultancy Services, Infosys and Axis Bank had been the main laggards. Tata Steel, ExtremelyTech Cement, Larsen & Toubro and Bharti Airtel had been among the many gainers.
How did Asian and US markets fare?
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling lower. The US markets resulted in optimistic territory on Monday. Global oil benchmark Brent crude declined 0.45 per cent to USD 92.87 a barrel. Foreign Institutional Investors (FIIs) offloaded equities value Rs 2,333.03 crore on Monday, in keeping with alternate knowledge.
The BSE benchmark had eked out a marginal achieve of 14.54 factors or 0.02 per cent to settle at 66,023.69 on Monday. The broader Nifty ended marginally up 0.30 factors at 19,674.55.
Rupee falls towards dollar
Meanwhile, the rupee continued its downward motion for the second straight day and fell by 8 paise to 83.21 towards the US dollar in early commerce on Tuesday amid huge promoting by foreign fairness buyers and a agency American foreign money.
Subdued fairness market sentiment and elevated stage of crude oil costs — hovering above USD 92 a barrel — additionally put draw back strain on the Indian foreign money, foreign exchange merchants stated.
At the interbank foreign alternate, the home unit opened at 83.19 and hit the bottom stage of 83.23 towards the buck. It later traded at 83.21 towards the dollar, registering a fall of 8 paise from its earlier shut. On Monday, the rupee declined by 19 paise to shut at 83.13 towards the dollar.Â
(With inputs from PTI)
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