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Indian benchmark equity indices BSE Sensex and Nifty 50 dragged at opening bell on Tuesday, amid mixed global cues.
Stock Market Update
Indian benchmark equity indices BSE Sensex and Nifty 50 dragged at opening bell on Tuesday, amid mixed global cues.
At opening bell, the BSE Sensex was down 271.63 points, or 0.34 per cent, at 78,510.61, while the NIfty 50 was at 23,909.60, down 85.75 points, or 0.36 per cent.
Monday Mayhem At D-Street
Benchmark equity indices BSE Sensex and Nifty 50 had ended the week’s first trading session with deep cuts, each down over 1 per cent at close.
The BSE Sensex shed as much as 941.88 points or 1.18 per cent to settle at 78,782.24. Similarly, NSE Nifty50 ended lower by 309 points or 1.27 per cent to settle at 23,995.35.
The fear index, India (VIX), which measures the volatility in the markets, ended higher by 5.01 per cent at 16.70 points.
Global Cues
Asia-Pacific markets were trading mixed on Tuesday.
Japan’s Nikkei 225 rose 1.25 per cent, while the Topix gained 0.8 per cent. South Korea’s Kospi lost 0.56 per cent, while the Kosdaq was higher by 0.16 per cent. The country’s consumer inflation in October rose 1.3 per cent from a year ago, slightly cooler than Reuters’ estimates of 1.4 per cent.
Hong Kong’s Hang Seng Index climbed 0.44 per cent. China’s CSI 300 traded 1.52 per cent higher, while the Shanghai Composite was ahead by 1.02 per cent.
Australia’s S&P/ASX 200 slid 0.45 per cent.
Meanwhile, the dollar softened and stocks fell on Monday as investors treaded carefully before the US presidential election, with a US Federal Reserve interest-rate cut also expected later in the week.
