On Monday, the Sensex ended 0.34 per cent higher and the Nifty settled with a gain of 0.43 per cent continuing their upmove for a seventh day.
Domestic stock markets gave up early gains on Tuesday amid volatile trade, taking a breather day after they hit a record closing high rising for seven consecutive sessions. The S&P BSE Sensex index fell as much as 63.99 points to hit 40,237.97 on the downside in early deals, and the broader NSE Nifty benchmark slid to as low as 11,917.95, down 23.35 points from the previous close. However, the downside was limited as losses in financial, information technology and consumer goods stock energy were countered by gains in automobile and pharmaceutical shares. Shares in other Asian markets however rose on optimism about a US-China trade deal, with MSCI’s broadest index of Asia Pacific shares outside Japan last seen up 0.29 per cent while Japan’s Nikkei 225 benchmark was up 1.50 per cent.
Here are latest updates of the movement in domestic stock markets (Sensex and Nifty) today:
|Nifty Fast Moving Consumer Goods||-0.35%|
|Nifty Private Bank||+0.10%|
|Nifty Financial Service||+0.27%|
|Nifty PSU Bank||+1.63%|
However, gains were short-lived as losses in financial, IT and consumer goods stocks outweighed gains in auto and pharma shares. The Sensex moved to the negative territory to hit 40,237.97, down 63.99 points from the previous close. The Nifty slid to as low as 11,917.95, down 23.35 points from the previous close.
At 9:21 am, the Sensex traded 81.22 points – or 0.20 per cent – higher at 40,383.18 while the Nifty was at 11,958.80, up 17.50 points – or 0.15 per cent – from the previous close. Top percentage gainers on the 50-scrip index at the time were Yes Bank, Bajaj Finance, Tata Motors, Bajaj Finserv and HDFC, trading between 1.08 per cent and 5.90 per cent higher. On the other side, Zee Entertainment, Sun Pharma, GAIL, Kotak Bank and HCL Tech – trading between 0.64 per cent and 1.38 per cent lower – were the top Nifty laggards.
Shares in other Asian markets however rose on optimism about a US-China trade deal, with MSCI’s broadest index of Asia Pacific shares outside Japan last seen up 0.29 per cent while Japan’s Nikkei 225 benchmark was up 1.50 per cent.
Domestic stock markets are likely to open on a lacklustre note losing steam a day after the S&P BSE Sensex index registered a record closing high.
At 8:44 am, the Singapore Exchange (SGX) Nifty futures – an early indicator of the National Stock Exchange (NSE) Nifty index in India – were down 10.00 points – or 0.08 per cent – at 11,974.50.