Business

After a two-day rally, markets retreat

Stock markets indices ended a two-day of gains lower down on Tuesday as foreign investment outflows continued and tensions in the Middle East escalated.

Furthermore, investors were wary about the US Federal Reserve’s interest rate decision.

The 30-share BSE Sensex fell 237.72 points or 0.37 percent to 63,874.93. It decreased 300.12 points or 0.46 percent throughout the day to 63,812.53.

The Nifty slid 61.30 points or 0.32 percent to 19,079.60.

Mahindra & Mahindra, Bharti Airtel, ICICI Bank, IndusInd Bank, Reliance Industries, Axis Bank, and HDFC Bank were among the major laggards on the Sensex.

The top gainers were Titan, Kotak Mahindra Bank, Asian Paints, HCL Technologies, Tech Mahindra, NTPC, Nestle, and Power Grid.

In Asian markets, Seoul, Shanghai, and Hong Kong finished lower, while Tokyo concluded in the green.

European markets were trading in green.

On Monday, the US markets closed considerably higher.

Brent crude gained 0.93 percent to $88.31 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,761.86 crore on Monday.

On Monday, the Sensex soared 329.85 points or 0.52 percent to 64,112.65. The Nifty went up 93.65 points or 0.49 percent to 19,140.90.

Also read: 300 locals are ordered to flee after a gunman storms Japan post office

Spriha Rai

Recent Posts

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

1 hour ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

2 hours ago

JD Vance Resignation Claim Is False; Confirms No Credible Source

Viral claims about US Vice President JD Vance resigning due to tensions between Donald Trump…

3 hours ago

Vikrant Massey Shares Adorable ‘Monkey Business’ Moment With Son In Naples

Actor Vikrant Massey, currently enjoying a family holiday in Naples, Italy, delighted fans by sharing…

3 hours ago

Trending: Eid Al-Adha 2025: The Festival Of Sacrifice Brings Communities Together

Eid al-Adha, also known as Bakri Eid or the festival of sacrifice, stands as one…

3 hours ago

Overcoming Procrastination: Strategies That Help

Discover practical strategies to overcome procrastination, improve focus, and build habits that drive consistent productivity.

4 hours ago