BSE. (File express photo)Share/Stock Market Highlights: the benchmark equity indices on BSE and National Stock Exchange (NSE) snapped out of a two session winning streak and ended lower on Tuesday weighed by market heavyweights HDFC twins – Housing Development Finance Corporation (HDFC) and HDFC Bank.
The S&P BSE Sensex fell 435.24 points (0.72 per cent) to settle at 60,176.50 while the Nifty 50 declined 96.00 points (0.53 per cent) to end at 17,957.40. Both the indices had opened on a marginally lower note and slipped further as the session progressed.
On the BSE benchmark, HDFC Bank, Bajaj Finserv, HDFC, Kotak Mahindra Bank, IndusInd Bank and Reliance Industries were the top laggards on Tuesday while NTPC, PowerGrid Corporation of India, ITC, Titan Company, Tata Consultancy Services (TCS) and Nestle India were the top gainers.
(with inputs from agencies)
The S&P BSE Sensex ended at 60,176.50, down 435.24 points or 0.72 per cent, while the Nifty 50 settled at 17,957.40, down 96.00 points or 0.53 per cent.
Crude oil prices on Tuesday rose by Rs 141 to Rs 7,856 per barrel as participants widened their positions on a firm spot demand.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 141 or 1.83 per cent to Rs 7,856 per barrel in 5,389 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up by 0.67 per cent to USD 103.97 per barrel, while Brent crude traded 0.75 per cent higher at USD 108.34 per barrel in New York.
(PTI)
Gold futures on Tuesday fell by Rs 58 to Rs 51,475 per 10 grams as participants cut down their bets amid a weak global trend.
On the Multi Commodity Exchange, gold contracts for June traded lower by Rs 58 or 0.11 per cent to Rs 51,475 per 10 grams in a business turnover of 18,084 lots.
Analysts attributed the fall in gold prices to trimming of positions by investors, tracking a weak trend in international markets.
Globally, gold was trading 0.11 per cent lower at USD 1,931.80 an ounce in New York.
(PTI)
A day after rallying over 9 per cent, the shares of private sector lender HDFC Bank and mortgage lender Housing Development Finance Corporation (HDFC) slipped up to 3 per cent lower in the morning deals on Tuesday amid profit booking, analysts said.
The HDFC Bank stock fell 3.07 per cent to Rs 1,605.55 apiece on the BSE while the HDFC Ltd scrip declined 2.41 per cent to Rs 2,614.40 per share during the early deals on Tuesday. Click here to read
The rupee started on a flat note on Tuesday tracking the strength of the dollar in the overseas market and elevated crude oil prices.
At the interbank foreign exchange, the rupee opened at 75.54 against the American dollar and moved in a narrow range. It touched an early high of 75.47 in initial deals.
On Monday, the rupee started the financial year 2022-23 on a bullish note. It spurted 21 paise to close at a one month-high of 75.53 against the US dollar.
(PTI)
Petrol and diesel prices were hiked yet again across the country for the fourth consecutive day on Tuesday, April 5, 2022. In the national capital, both petrol and diesel prices were raised by 80 paise each.
Following the latest price revision, petrol in Delhi is now retailing at Rs 104.61 a litre while diesel is selling at Rs 95.87. In the financial capital Mumbai, petrol price now stands at Rs 119.67 while diesel costs Rs 103.92, data available on Indian Oil Corporation’s website showed. Click here to read
The new financial year of 2022-23 has seen a sharp rise in renewals of insurance premiums across categories with group health policy costs rising by up to 40 per cent cyber coverage witnessing an 80-100 per cent jump.
Reinsurers led by GIC Re and general insurers led by New India Assurance (NIA) have hiked their premiums by up to 20-30 per cent in certain segments – other than health and cyber — depending on the group and customers. Click here to read
Shares fell Tuesday in Asia and oil prices advanced after a tech-driven rally on Wall Street. Trading was light with many regional markets including those in China closed for holidays.
Tokyo's Nikkei 225 index edged 0.1% lower to 27,705.25 and the Kospi in Seoul also fell 0.1%, to 2,755.36. The S&P/ASX 200 gained 0.7% to 7,565.80. Malaysia fell while Singapore gained.
(AP)
Sensex slides over 138 points to 60,473.35 points in early trade; Nifty falls marginally to 18,033.10 points.
(PTI)