Stock Market LIVE Updates: Equity benchmark S&P BSE Sensex dipped 4 points on Tuesday morning
Stock Market LIVE Updates: Equity benchmark S&P BSE Sensex dipped 4 points on Tuesday, to quote at 60,052 levels, while the Nifty50 index hovered around 17,730 levels.
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In the broader markets, the BSE MidCap was flat with a mild downtick, and SmallCap indices was up 0.1 per cent.
Individually, shares of Welspun India surged 3 per cent as the company is set to consider buyback proposal on April 27.
Those of Mahindra Lifespace, meanwhile, added 2 per cent after the company said it has secured project to redevelop a housing society in Mumbai with an expected revenue potential of Rs 850 crore.
On the downside, Ipca Labs shares tumbled 8 per cent. The board approved the acquisition of 33.38 per cent of the paid-up share capital of Unichem Laboratories for Rs 1,034 crore from one of its promoter shareholders. Ipca is acquiring the stake at Rs 440 per equity share.
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Among sectors, the Nifty PSU Bank index gained 0.7 per cent, while the Nifty IT and Consumer Durable indices fell up to 1 per cent.
Global cues
Asia-Pacific markets were largely lower on Tuesday, following a similar session on Wall Street. Japanese markets were all higher with the Nikkei 225 up 0.54 per cent, and the Topix 0.74 per cent.
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However, South Korea’s Kospi was down 0.15 per cent; Hong Kong’s Hang Seng Index slid 0.46 per cent in early trade, while the Hang Seng Tech index saw a larger drop at 1.56 per cent; and Mainland Chinese markets were mixed.
Overnight in the US, the Nasdaq Composite slipped 0.29 per cent, but the Dow Jones Industrial Average ended up 0.2 per cent, and the S&P 500 closed 0.09 per cent higher.
