Sensex down 84 points, Nifty below 8,300 mark amid weak global trends
.jpg)
The benchmark BSE Sensex opened over 100 points lower in early trade on Tuesday on selling in banking, oil and pharma stocks by investors amid weak global trends.
Investors were cautious ahead of October series expiry in the derivatives segment on Thursday, brokers said.
On Tuesday morning, Asian markets opened lower as stock fell after Monday's gains. Investors also practised caution ahead of central bank meetings in the US and Japan.
At 1011 hours, the 30-share barometer, which had lost 108.85 points on Monday, was trading down 84.28 points, or 0.32% at 27,273.22.
All the sectoral indices led by healthcare, realty and banking were trading in the negative zone with losses up to 0.39% in early trade.
Also, the NSE Nifty declined by 27.40 points or 0.33% to 8,233.15.
Housing finance major HDFC was down over 2% after it posted moderate growth in profit for the second quarter of 2015-16 fiscal.
Among major losers on BSE, oil major ONGC was down 2.5% and Lupin by 2.2%. Metal stocks Hindalco and Vedanta fell up to 2% while telecom major Bhari Airtel fell up to 1% in early trade.
ITC, Coal India and Tata Steel were also down up to 1%, dragging the broader index into negative zone.
On the other hand, auto stocks Maruti Suzuki, Bajaj Auto and Mahindra and Mahindra posted gains of up to 1%.
Brokers said offloading of positions by participants, tracking a weak trend at the other Asian markets as investors await the start of a US Federal Reserve meeting later in the day influenced sentiments.
In Asian markets, Hong Kong's Hang Seng was down by 0.93%, while Japan's Nikkei fell by 0.67% in early trade on Tuesday. Shanghai Composite index was down 2.09%.
The Dow Jones Industrial Average ended 0.13% lower on Tuesday.
Other Latest News
.webp)
The Supreme Court on Tuesday dismissed a petition seeking to revert to ballot paper voting in elections in the country.
"What happens is, when you win the election, EVMs (electronic voting machine) are not tampered. When you lose the election, EVMs are tampered (with)," remarked a bench of Justices Vikram Nath and P B Varale.
.webp)
The Bharatiya Janata Party (BJP) would not rush into announcing its chief ministerial candidate until the distribution of portfolios in the new Maharashtra government is finalised, party sources said on Tuesday.
The indications that the Mahayuti coalition's decision on who would become the next CM would be delayed emerged as the Governor on Tuesday morning asked Eknath Shinde to act as a caretaker chief minister after he tendered his resignation.
.webp)
Anurag Agrawal, Dean of Biosciences and Health Research at Ashoka University, in a conversation with Economic Times, has claimed that every resident of Delhi is developing lung damage as deadly smog continues to blanket the Capital city.
Upon being asked how many people will suffer from lung cancer in future because of poor AQI, the Ashoka University dean said that “every Delhi is developing some degree of lung damage.” People who have pre-existing diseases or sensitivity are more serious, but no one is immune to it, he added.
.webp)
India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters.
US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022.
.webp)
The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity.
Subject to necessary approvals and procedures, shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the company, HUL said in a release.
.webp)
.webp)
.webp)
.webp)
.webp)
