Categories: Business

Equities Tumble In Early Trading

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

Spriha Rai

Recent Posts

US Election: Voting Begins With First Ballots Cast In New Hampshire

This election is one of the most divisive in US history. Harris and Trump have…

8 mins ago

Waqf Bill: Opposition MPs Meet LS Speaker, Lodge Protest Against JPC Chairman Jagdambika Pal

Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…

25 mins ago

Delhi HC Rejects Khalid Saifi’s Plea To End Attempted Murder Case In 2020 Riots

The Delhi Police opposed Saifi’s bail, citing evidence from WhatsApp messages exchanged among the accused.…

1 hour ago

Maha Kumbh 2025: Uttar Pradesh Enhances Security With Face Recognition Cameras

To protect millions of devotees at Maha Kumbh, the UP govt is implementing advanced security…

1 hour ago

SBI CME Soldierathon Set To Honour Indian Army’s Brave Soldiers On 244th Sappers Day At CME Pune

This landmark event, organized at the historic Military Institute, will honor the sacrifices of the…

2 hours ago

SC Seeks Responses In Mathura Krishna Janmabhoomi-Idgah Dispute, Grants Two Weeks To All Parties

The Supreme Court has also paused the Allahabad High Court’s order for a survey of…

2 hours ago