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.

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