In early trade on Tuesday, the benchmark equity indices in India experienced a decline, erasing their initial gains. The BSE Sensex, a 30-share index, dropped 146.79 points to reach 62,198.92, while the NSE Nifty declined by 32.15 points to 18,366.70. The decline was mainly attributed to the poor performance of index major HDFC twins.
Several companies listed on the Sensex, including HDFC, HDFC Bank, Maruti, IndusInd Bank, Larsen & Toubro, Mahindra & Mahindra, Bharti Airtel, and ITC, witnessed a decline in their share prices. On the other hand, Bajaj Finance, Infosys, Bajaj Finserv, Wipro, Asian Paints, and Tata Consultancy Services experienced gains and were among the major gainers.
In Asia, markets in Seoul, Tokyo, Shanghai, and Hong Kong were trading in positive territory. The US market had also closed with gains on the previous trading day.
Global oil benchmark Brent crude witnessed a 0.53% increase, reaching USD 75.63 per barrel. This rise indicates a positive trend in oil prices.
Foreign Institutional Investors (FIIs) were net buyers on Monday, as they purchased equities worth ₹1,685.29 crores, according to exchange data.
During the previous trading session, the Sensex had climbed 317.81 points or 0.51% to settle at 62,345.71, while the broader NSE Nifty gained 84.05 points or 0.46% to end at 18,398.85.
The market’s volatility and the fluctuation in stock prices highlight the ongoing dynamics and investor sentiment in the Indian equity market. Traders and investors continue to closely monitor market trends and make decisions based on various factors impacting stock performance.
