The equities opened on a sour note on Tuesday, with the Sensex falling about 80 points, reflecting sluggish trends in Asian stocks and dwindling prospects of early interest rate reduction globally.
After advancing for five straight sessions, the 30-share Sensex fell 0.11 percent, or 79.66 points, to 72,628.50 points.
The broader Nifty was also trading lower, down 0.15 percent or 34.15 points to 22,088.10 points. As many as 28 scrips in the Nifty index were in the negative.
Global stock markets struggled on Monday as hopes of early interest rate reduction faded, while US markets were closed.
Asian equities fell below one-and-a-half-month highs on Tuesday, as even a larger-than-expected interest rate decrease in China failed to thrill investors.
The European markets were mixed on Monday.
According to exchange data, foreign portfolio investors (FPIs) sold shares worth Rs 754.59 crore on Monday.
On Monday, the Nifty closed at an all-time high of 22,122.25 points, up 81.55 points or 0.37 percent, while the Sensex soared 281.52 points or 0.39 percent to 72,708.16 points.
Also read: Joe Biden Considering Additional Russia Sanctions Following Alexei Navalny’s Death
In February, M&M recorded a 19% sales increase, significantly outperforming the industry’s 13.6% growth.
Lenovo plans to achieve 100% local PC production, including AI models, in three years, supporting…
PM Narendra Modi inaugurated the wildlife conservation, rescue, and rehabilitation project during his visit to…
India’s chemical industry revenue grew at a CAGR of 10.5% from FY18 to FY24, outpacing…
India’s engineering goods exports to the US grew 18% year-on-year in January 2025, reaching $1.62…
French food services and facilities firm Sodexo is growing in India, driven by corporate investments…