Share Market Today: Sensex, Nifty Trade Marginally Lower Amid Volatility. Adani Ports Slips 3%
Share Market Today: On the 30-share Sensex platform, Adani Ports declined 3 per cent. Infosys, ITC, Bajaj Finance, ICICI Bank, Airtel were among the other losers
Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday are trading marginally lower amid volatility, tracking mixed global cues. At 10.55 am, the BSE Sensex dropped 56 points to 78,726. On the other hand, the NSE Nifty50 was trading at 23,986, down 9 points.
Stock update
On the 30-share Sensex platform, Adani Ports declined 3 per cent. Infosys, ITC, Bajaj Finance, ICICI Bank, Airtel were among the other losers. On the flip side, JSW Steel, Tata Steel, IndusInd Bank, Maruti, Tata Motors, UltraCemco emerged early gainers.
In the broader markets, the Nifty Smallcap 100 was down 0.18 per cent, while the Nifty Midcap 100 was down 0.04 per cent.
Sectoral update
The Metal index led sectoral gains with a 1.15 per cent increase, followed by positive performances in the Auto, Pharma, IT, PSU Bank, Healthcare, and Consumer Durables indices. Meanwhile, the Nifty Bank and Financial Services indices, along with FMCG, Media, Realty, and OMC indices, were trading in the red.
In the previous session on Monday, the BSE benchmark tumbled 942 points to end at 78,782 while the Nifty dropped 309 points to 23,995.
"Investors globally are bracing for heightened market volatility as the US heads into a closely contested presidential election...," Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said. Investors remain cautious ahead of the US presidential election and the upcoming US Federal Reserve interest rate decision later this week, Vikas Jain, Head of Research at Reliance Securities, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,329.79 crore on Monday, according to exchange data.
Global markets
In Asian markets, Tokyo, Shanghai, and Hong Kong quoted in the positive territory while Seoul traded lower. The US markets ended lower on Monday.
Global oil benchmark Brent crude climbed 0.12 per cent to $75.17 a barrel.