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Sensex falls 100 pts, Nifty above 15,800
Indian equity benchmarks on Tuesday traded higher in opening deals amid positive cues from the global markets.

Sensex falls 100 pts, Nifty above 15,800 - BusinessToday

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Indian equity benchmarks on Tuesday traded higher in opening deals amid positive cues from the global markets. Asian shares inched up, tracking the U.S. stock futures, on reports that America may ease some tariffs on goods from China. U.S. markets were closed overnight for the Fourth of July (Independence Day) holiday.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a slightly higher start for the domestic indices.

The 30-share BSE Sensex jumped 267 points or 0.50 percent to 53,501 in the early session, while the broader NSE Nifty moved 67 points or 0.42 percent higher to trade at 15,903.

Mid- and small-cap shares were trading on a strong note as Nifty Midcap 100 climbed 0.49 percent and small-cap rose 0.75 percent.

At Closing

Benchmark indices erased all the intraday gains to end in the red amid high volatility.

At close, the Sensex was down 100.42 points or 0.19% at 53,134.35, and the Nifty was down 24.50 points or 0.15% at 15,810.90. About 1671 shares have advanced, 1538 shares declined, and 150 shares are unchanged.

Power Grid Corporation, Shree Cements, Hindalco Industries, Apollo Hospitals, and Bajaj Finserv were among the top Nifty gainers. ITC, Wipro, HDFC Life, Britannia Industries, and Maruti Suzuki were among the losers on the index.

The power index gained 0.6 percent and the metal index up 0.4 percent, while selling was seen in the reality, IT, auto, and banking names.

11 out of the 15 sector gauges — compiled by the National Stock Exchange — settled in the red. Sub-indexes IT, Nifty Bank, Nifty Auto, Nifty FMCG, and Nifty Consumer Durables dived as much as 0.70 percent, 0.37 percent, 0.36 percent, 0.16 percent, and 0.13 percent.

However, Nifty Healthcare, Nifty Metal, and Nifty Oil & Gas showed strength by climbing 0.34 percent, 0.30 percent, and 0.18 percent.

Global market

Shares declined Tuesday in Europe after an upbeat session in Asia, while Wall Street futures slipped ahead of the reopening of US markets from the Independence Day holiday.

The war in Ukraine and its impact on energy supplies are casting a shadow over the global economic outlook at a time when central banks are raising interest rates to slow inflation.

Meanwhile, Asian shares inched up on Tuesday morning as positive economic data and hints of easing Sino-US tensions offered some respite to the recent sell-offs, though persistent fears about a global recession and sky-high inflation kept most buyers at bay

 

 

 

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