The benchmark Sensex, Nifty are poised to remain in the volatile territory tracking mixed global cues.
Sensex Today: Indian bourses opened in red on Tuesday morning, with the benchmark BSE Sensex and Nifty marginally lower from their previous close. The BSE Sensex dropped 25 points to 76,464 levels, while the Nifty50 slipped by 0.06 per cent at 23,244 levels.
NTPC, Tata Steel, Nestle India, Mahindra and Mahindra, Larsen Toubro, HCL Tech SBI, Ultratech Cement and Powergrid were the top gainers on Sensex, whereas Asian Paints, Bharti Airtel and ICICI Bank were among top losers.
On Nifty 50 Eicher Motors, Adani Ports, and HUL were among the top five leaders while Bajaj Finance, Dr Reddy’s Labs and SBI Life led the losses.
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Global Cues
Asia-Pacific markets opened with mixed sentiment on Tuesday, as investors await the US Federal Reserve’s updated projections regarding the timing and frequency of potential rate cuts. The US Fed is scheduled for a meeting on Wednesday. Presently, markets are pricing in just one rate cut for this year, anticipated in November.
In the Asian market, Japan’s Nikkei 225 rose 0.57 per cent higher, while the broader Topix index rose by 0.54 per cent.
South Korea’s Kospi was up 0.21 per cent, while the small-cap Kosdaq index surged by 0.79 per cent.
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However, Australia’s S&P/ASX 200 experienced a decline of 1.29 per cent. Meanwhile, Hong Kong’s Hang Seng index futures were down 1.26 per cent.
Overnight on Wall Street, the S&P 500 index and the Nasdaq Composite reached their new highs, advancing by 0.26 per cent, and 0.35 per cent, respectively. The Dow Jones Industrial Average also rose by 0.18 per cent.
