Share Market Today: Sensex, Nifty Trade Flat. See How The Indices Are Performing
Share market today: On the 30-share Sensex platform, L&T, Infosys, Maruti, Sun Pharma, Adani Ports, ICICI Bank emerged gainers
Share market today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday pared their early losses and gained marginally amid volatility, tracking mixed global cues. At 10.10 am, the BSE Sensex rose slightly by 69 points to 81,767. On the other hand, the NSE Nifty was trading at 25,026, up 15 points.
Stock update
On the 30-share Sensex platform, L&T, Infosys, Maruti, Sun Pharma, Adani Ports, ICICI Bank emerged gainers. On the down side, JSW Steel, Kotak Bank, Tata Motors, Titan, Bajaj Finserv, M&M were among the losers.
In the broader markets, BSE Midcap and Smallcap indices are trading in the positive zone.
Sectoral update
Sectorwise, power, IT, metal are trading in the green. On the other hand, telecom, auto, and bank stocks are down.
In the previous session on Monday, the BSE Sensex jumped 612 points to end at 81698, while the NSE Nifty50 closed at 25,010, rising 187 points.
"There are both headwinds and tailwinds for the market now. Headwinds are coming from the escalation of geopolitical tensions in the Middle East and Ukraine. Brent crude has shot up above $81. The strongest tailwind comes from the expected rate cuts by the Fed which will spill over to other central banks including the RBI," said V K Vijayakumar, chief investment strategist, Geojit Financial Services.
Global update
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading lower. The US markets ended mostly lower on Monday
Asia-Pacific markets largely fell on Tuesday morning, despite the Dow Jones Industrial Average on Wall Street reaching new highs. Traders in Asia will also look toward China's year-to-date industrial profits as of July. Japan’s Nikkei 225 was 0.35 per cent lower, while the broad-based Topix was flat.
Foreign Institutional Investors (FIIs) bought equities worth Rs 483.36 crore on Monday, according to exchange data.
Global oil benchmark Brent crude dipped 0.29 per cent to $81.19 a barrel.
Rupee slips 8 paise
Rupee depreciated 8 paise to 83.95 against the US dollar in morning trade on Tuesday, weighed down by elevated crude oil prices and a muted trend in domestic equities.
Forex traders said Brent Crude, the international benchmark, was trading above the $80 per barrel mark, as fighting continued in the Middle East and attacks by Russia over Ukraine also increased geopolitical tensions.
At the interbank foreign exchange market, the local unit opened at 83.91, then lost further ground and touched 83.95, registering a loss of 8 paise from its previous close. On Monday, the Indian rupee settled for the day 3 paise higher at 83.87 against the American currency.
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