Share Market Today: Benchmarks Trade Flat. Sensex Down 100 Points; Nifty Around 25250

Share market today: On the 30-share Sensex platform, Bajaj twins, JSW Steel, Adani Ports, Airtel, Axis Bank emerged losers. ITC, Nestle, PowerGrid, HUL, Sun Pharma, Asian Paints were among the gainers

Share market today: The two key equity benchmark indices, Sensex and Nifty, are trading flat due to profit-taking after a record rally and weak trends from Asian peers. At 10.30 am, the BSE Sensex dropped 108 points to 82,452. On the other hand, the NSE Nifty50 was trading at 25,252, down 26 points.

Stock update

On the 30-share Sensex platform, Bajaj twins, JSW Steel, Adani Ports, Airtel, Axis Bank emerged losers. On the flip side, ITC, Nestle, PowerGrid, HUL, Sun Pharma, Asian Paints were among the gainers.

In the broader markets, BSE Midcap and Smallcap indices advanced 0.5 per cent each.

In the previous session on Monday, the BSE Sensex jumped 194 points to end at 82,560, while the NSE Nifty50 ended higher at 25,279, rising 43 points.

Sectoral update

In the sectoral indices, FMCG, capital goods, and pharma are each up by 0.5 per cent, while PSU Bank, telecom, and oil & gas are trading lower.

Global update

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading lower. The US markets were closed on Monday for the Labour Day holiday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,735.46 crore on Monday, according to exchange data.

Global oil benchmark Brent crude declined 0.40 per cent to $77.21 a barrel.

Rupee dips 4 paise

The rupee declined 4 paise to 83.95 against the US dollar in early trade on Tuesday due to a stronger greenback in global markets and weak domestic manufacturing data. A decline in the domestic equity market also contributed to the drop in the local unit, forex traders said.

At the interbank foreign exchange market, the rupee opened at 83.94, lower by 3 paise from its previous close before dropping further to 83.95. The unit had settled at 83.91 against the US dollar on Monday.

"The rupee again extended its slide against the US dollar above 83.90 levels, slashing all previous week's gains. With August proving to be a challenging month, the rupee ranked as the second-worst-performing currency in Asia," CR Forex Advisors Managing Director Amit Pabari said.