Sensex down more than 300 points as geopolitical concerns weigh
BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.
Snapping two-day losing streak, domestic equity markets started Tuesday’s trading session with marginal gains. At 9.40 am, the Sensex was trading 61 points or 0.21 per cent up at 29,636 while the Nifty50 was trading 10 points or 0.11 per cent higher at 9,191.
Broader markets outperformed the front liners, BSE Midcap and BSE Smallcap indices surged 0.6 per cent 0.5 per cent respectively.
Among the BSE sectoral indices, Oil & Gas index registered the biggest gain with a jump of 0.7 per cent while Metal index became the top loser with a dip of 1.4 per cent.
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On Monday, the BSE Sensex closed 130 points or 0.44 per cent down at 29,576, while the NSE Nifty ended 17 points or 0.18 per cent lower at 9,181.
Top gainers in the Sensex-30 pack: Reliance Industries (up 1.4 per cent), Infosys (up 1.3 per cent), Adani Ports (up 1 per cent), Lupin (up 0.7 per cent) and ONGC (up 0.7 per cent).
Top losers in the Sensex-30 pack: Tata Steel (down 1.4 per cent), M&M (down 0.6 per cent), Bajaj Auto (down 0.6 per cent), HUL (down 0.4 per cent) and Axis Bank (down 0.2 per cent).
Asian markets were trading in the negative zone. Japan’s Nikkei 225 Index lost 0.6 per cent, Singapore’s Straits Times Index slipped 0.3 per cent, Hong Kong’s Hang Seng index slumped 0.9 per cent, Korea’s KOSPI index shed 0.7 per cent and China’s Shanghai Composite Index fell 0.5 per cent.
Back home, the Rupee was trading 11 paisa down at 64.82 against the US Dollar.
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