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Stock Market Today: The BSE Sensex and NSE Nifty opened flat on Tuesday. Key points for investors
Stock Market Today.
Stock Market Today: The BSE Sensex and NSE Nifty opened flat on Tuesday. The 30-share Sensex was trading at 74,485.61, up by 31 points or 0.04%, while the 50-share Nifty index stood at 22,554.45, up by just 1 point in early trade.
L&T, TCS, SBI Life, Grasim Industries, and Hindalco were the top laggards on the Nifty50, with losses of up to 1.3%. On the positive side, Shriram Finance, M&M, ICICI Bank, Trent, and Tata Steel led the gainers on the index.
In the broader market, the Nifty MidCap index fell 0.13%, while the Nifty SmallCap index gained 0.10%.
The Indian rupee opened around 15 paise weaker on Tuesday. According to Bloomberg data, the rupee opened at 86.85 per US dollar, compared to its previous close of 86.70 per dollar.
Global Cues
As of 9:15 a.m. Tokyo time, S&P 500 futures showed little movement, remaining mostly unchanged, indicating a cautious outlook for US markets. Meanwhile, Hang Seng futures dropped by 2.2%, reflecting weaker sentiment in Hong Kong’s market. In Japan, the Topix index fell by 0.6%, signaling a modest decline in investor confidence. Similarly, Australia’s S&P/ASX 200 saw a 0.9% decrease, as the Australian market struggled with broader global uncertainties. In Europe, Euro Stoxx 50 futures also slipped by 0.3%, suggesting a slightly negative tone for European stocks at the open. The overall trend across global futures points to a generally subdued trading sentiment ahead of the main market sessions.
Australian shares resumed their downtrend on Tuesday following a slight breather in the previous session, hurt by sector-wide losses led by discretionary retailers, banks, and the resources sector, with domestic inflation data high on investors’ radar.
The S&P/ASX 200 index slipped 0.9% to 8,237.90 points by 0030 GMT. It ticked higher on Monday, after losing more than 250 points in the previous week, largely led by a rout in banking stocks.
