Share Market Today: Sensex Falls 200 Points, Nifty Around 24,700. Hyundai Shares Make Muted Debut
Share Market Today: On the 30-share Sensex platform, Tata Motors, Tata Steel, M&M, Maruti, L&T, NTPC were among the losers
Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday are trading in the red amid volatility. At 10.45 am, the BSE Sensex declined 285 points to 80,865. On the other hand, the NSE Nifty50 was trading at 24,677, down 103 points.
Stock update
On the 30-share Sensex platform, Tata Motors, Tata Steel, M&M, Maruti, L&T, NTPC were among the losers. On the flip side, ICICI Bank, Nestle, Bajaj Finance, Infosys, TechM, HUL emerged early gainers.
In the broader market, BSE Midcap and Smallcap indices dropped 1-2 per cent.
Hyundai Listing
Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, on Tuesday listed with a discount of over 1 per cent against the issue price of Rs 1,960.
Sectoral update
All the sectoral indices are trading in the red.
Domestic Institutional Investors (DIIs) bought equities worth Rs 3,225.91 crore on Monday, according to exchange data. However, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,261.83 crore.
In Asian markets, Shanghai and Hong Kong quoted higher, while Seoul and Tokyo were trading lower. The US markets ended on a mixed note on Monday.
Global oil benchmark Brent crude dipped 0.24 per cent to $74.11 a barrel.
In the previous session on Monday, the BSE Sensex index declined 73 points before closing at 81,151, while the NSE Nifty50 settled at 24,781, down 73 points.
Rupee trades flat
The rupee stayed flat at 84.07 against the US dollar in early trade on Tuesday as positive sentiment in domestic equity markets was negated by the unabated outflow of foreign funds.
The local unit resisted the fall on the back of the retreating dollar and a downward movement in the crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened at 84.07 against the greenback and traded on a flat note in early deals.
On Monday, the rupee settled flat at 84.07 against the US dollar, a tad higher from its all-time low of 84.10 recorded on October 11.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 103.79. Brent crude, the international benchmark, declined 0.22 per cent to $74.13 per barrel in futures trade.
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