Sensex Settles Down 52 Points In Volatile Trade Amid Negative Global Trends

Benchmark BSE Sensex fell roughly 52 points in tumultuous trading on Tuesday, weighed down by negative trends in Asian and European markets and fresh foreign fund outflows.

The 30-share Sensex dipped 52.63 points or 0.07 percent to 73,953.31. Throughout the day, it peaked at 74,189.19 and fell to 73,762.37.

However, the Nifty closed up 27.05 points or 0.12 percent to 22,529.05.

Zomato, GAIL (India), Nestle India, Shree Cement, TVS Motor Company, ICICI Prudential, Bajaj Holdings, ICICI Lombard, Zydus, and Godrej Consumer were the top laggards.

Among the gainers were Vedanta, Adani Power, Bharat Electronics, Jindal Steel & Power, LIC, Hindalco, Coal India, Tata Steel, and IRFC.

In Asian markets, Singapore closed in positive territory, while Hong Kong, Indonesia, Shanghai, Thailand, Malaysia, Tokyo, South Korea, and Taiwan ended in negative territory.

European stocks were trading in the red.

US markets closed mostly higher on Monday.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 92.95 crore on Saturday.

Brent crude lost 0.55 percent to USD 83.25 per barrel.

On Saturday, the Sensex soared 88.91 points or 0.12 percent to 74,005.94 in a special trading session, while Nifty moved 35.90 points or 0.16 percent to 22,502.

On May 18, the National Stock Exchange (NSE) and BSE held a special trading session in the equity and equity derivative segments to check their preparation for substantial interruptions or failures at the primary site.

Markets were closed on Monday for the fifth phase of the Lok Sabha elections in Mumbai.

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