Sensex halts global sentiment rally, slips by 90 points
On Monday, Nifty had closed 44.45 points up at 10,771.8 while Sensex closed 155.06 points northward at 35,850.16. In last one week trading session both Nifty and Sensex have shed more than one percent. So, the rise has sparked bull run at the Indian index again.
On account of dollar regaining its lost ground in early forex trade and rupee again breaking the psychological 70 mark, the Indian sensitive index slipped 90 points in early trading session on Tuesday. The BSE Sensex was at 35,781, low by near 70 points from its Monday close and Nifty 10,740.4 levels, low by 27 points from its Monday close. Banking sector stocks were the major beneficiary of this rise in Indian markets.
On Monday, Nifty had closed 44.45 points up at 10,771.8 while Sensex closed 155.06 points northward at 35,850.16. In last one week trading session both Nifty and Sensex have shed more than one percent. So, the rise has sparked bull run at the Indian index again.
Asian shares too rose for the third straight session on Tuesday as investors bet that Washington and Beijing are inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.
Japan's Nikkei rose 1.0 percent while MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent.
On Wall Street, the S&P 500 gained 0.7 percent on Monday following 3.4 percent surge on Friday, with Amazon.com Inc and Netflix leading the rally.
In the forex market, dollar had regained its lost ground yesterday by near 0.2 percent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
09:29 AM IST