The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 0.5 per cent lower on Tuesday weighed by a fall in the share prices of market heavyweight Reliance Industries (RIL), HDFC Bank and Kotak Mahindra Bank.
The S&P BSE Sensex slipped 190.10 points (0.60 per cent) to settle at 31,371.12. Likewise, the Nifty 50 ended at 9,196.55, down 42.65 points (0.46 per cent). Both the indices had opened over 1 per cent lower earlier in the day and slipped nearly 2.3 per cent during the intraday session before bouncing back and trimming losses in the late afternoon deals.
On the Sensex, RIL was the biggest loser of the day along with Asian Paints, Kotak Mahindra Bank, Hindustan Unilever (HUL), HDFC Bank and Oil and Natural Gas Corporation (ONGC). On the other hand, NTPC, Bharti Airtel, ITC, IndusInd Bank, Power Grid and Bajaj Finance were the biggest gainers on Tuesday. (see heatmap below)
Among the sectoral indices on the NSE, Nifty Private Bank index was the top loser on Tuesday, slipping 0.66 per cent weighed by City Union Bank, The Federal Bank and Kotak Mahindra Bank. On the other hand, Nifty Metal index was among the top sectoral gainers, rising 1.16 per cent led by Vedanta.
Here’s how the sectoral indices performed:
In the broader market, the S&P BSE MidCap index ended at 11,411.40, down 86.61 points (0.75 per cent), while the S&P BSE SmallCap closed at 10,566.15, down 61.99 points (0.58 per cent).
The rupee surged 22 paise to close at 75.51 against the US dollar on Tuesday, amid a weak American currency in the overseas market, news agency PTI reported.
At the interbank foreign exchange, the rupee opened at 75.89, then pared the initial losses to finally settle at 75.51 against the dollar, registering a rise of 22 paise over its previous close. During the day, the domestic currency hit an intra-day high of 75.49 and a low of 75.95 against the greenback. On Monday, the local unit had settled at 75.73 against the US currency.
Europe’s share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China’s economy helped limit worries about a potential second wave of coronavirus infections.
The mood was decidedly fragile, with five new virus cases in Wuhan – the original epicentre of the outbreak – renewed trade tensions and a tussle over negative US interest rates all part of the mix.
London’s FTSE, Frankfurt’s DAX and Milan and Madrid clawed higher early on, but France’s CAC40 and Wall Street S&P 500 futures were stuck in the red after Asia had struggled overnight too.
MSCI’s broadest index of Asia Pacific shares outside of Japan had ended down 0.8 per cent, snapping two straight sessions of gains.
Hong Kong’s Hang Seng was among the hardest hit, down 1.45 per cent followed closely by Australia which closed 1 per cent lower. South Korea’s KOSPI faltered 0.7 per cent too but China’s blue-chip CSI300 index managed to recover from an early dip.
– with global market input from Reuters
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