Sensex Today: Key benchmark indices opened flat with a unfavorable bias amid weak world cues, muted international flows, and regular crude costs. Frontline indices Nifty50 declined over 30 factors to commerce under 17,250 ranges and the S&P BSE Sensex fell 150 factors to commerce at 57,853 ranges
The broader markets, nevertheless, steered southwards as Nifty MidCap 100 and Nifty SmallCap 100 climbed as much as 0.2 per cent.
All sectors swung between good points and losses, as Nifty IT, Nifty Media, and Nifty Pharma indices gained marginally in commerce. Nifty Bank, Nifty Realty, Nifty Auto indices, nevertheless, declined as much as 0.4 per cent.
Rupee Opens
Indian rupee opened flat at 82.33 per greenback on Tuesday in opposition to earlier shut of 82.32.
Global Cues
Shares declined in Asia following a fourth straight drop in US equities amid persistent concern that rising rates of interest and geopolitical threats will crimp world progress. Japan’s Topix index dropped 1.4% whereas South Korea’s Kospi index declined 2%.
Tokyo shares opened decrease on Tuesday after an extended weekend, monitoring falls on Wall Street as traders braced for extra massive rate of interest hikes from the US Federal Reserve.
US shares fell on Monday, with the Nasdaq posting its lowest shut since July 2020, as traders apprehensive concerning the influence of upper rates of interest and pulled out of chipmakers after the United States introduced restrictions geared toward hobbling China’s semiconductor business.
Oil costs fell on Tuesday, extending almost 2% losses within the earlier session, as a stronger U.S. greenback and a flare-up in COVID-19 instances in China elevated fears of slowing world demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 within the earlier session.
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