MUMBAI: Equity benchmarks declined in early trade on Tuesday amid an overall weak trend globally. Market Investors turned cautious ahead of the presentation of the Union Budget and the interest rate decision of the Federal Reserve.
Also, the incessant outflow of foreign funds spoiled the game for the markets.
30-Share BSE Benchmark Sensex It closed down 203.74 points at 59,296.67. Comprehensive nse The Nifty closed 52.8 points down at 17,596.15.
from sensex pack, Tech MahindraLarsen and Toubro, Tata Consultancy ServicesHCL Technologies, Nestle, Infosys, Bajaj Finance, Asian Paints and Bajaj Finserv were the major laggards.
Power Grid, Mahindra & Mahindra, Maruti, Bharti Airtel, State Bank of India, Reliance Industries, UltraTech Cement and Titan were among the winners.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong traded lower.
Markets in the US closed in the negative zone on Monday.
“The interest rate decision from the Federal Reserve and the Union Budget for 2023-24, both scheduled to be announced on Wednesday, will drive caution among traders. Another major area of concern is the continued selling by FIIs. Even In yesterday’s trade, FIIs sold shares worth Rs 6,793 crore in domestic markets on Monday, said Prashant Tapase, senior vice-president (research), Mehta Equities Ltd.
On Monday, the Sensex had climbed 169.51 points or 0.29 per cent to close at 59,500.41. smelly It closed at 17,648.95, up 44.60 points or 0.25 percent.
International oil benchmark Brent crude rose 0.02 per cent to $84.92 a barrel.
Foreign institutional investors (FIIs) sold shares worth Rs 6,792.80 crore on Monday, according to exchange data.
Also, the incessant outflow of foreign funds spoiled the game for the markets.
30-Share BSE Benchmark Sensex It closed down 203.74 points at 59,296.67. Comprehensive nse The Nifty closed 52.8 points down at 17,596.15.
from sensex pack, Tech MahindraLarsen and Toubro, Tata Consultancy ServicesHCL Technologies, Nestle, Infosys, Bajaj Finance, Asian Paints and Bajaj Finserv were the major laggards.
Power Grid, Mahindra & Mahindra, Maruti, Bharti Airtel, State Bank of India, Reliance Industries, UltraTech Cement and Titan were among the winners.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong traded lower.
Markets in the US closed in the negative zone on Monday.
“The interest rate decision from the Federal Reserve and the Union Budget for 2023-24, both scheduled to be announced on Wednesday, will drive caution among traders. Another major area of concern is the continued selling by FIIs. Even In yesterday’s trade, FIIs sold shares worth Rs 6,793 crore in domestic markets on Monday, said Prashant Tapase, senior vice-president (research), Mehta Equities Ltd.
On Monday, the Sensex had climbed 169.51 points or 0.29 per cent to close at 59,500.41. smelly It closed at 17,648.95, up 44.60 points or 0.25 percent.
International oil benchmark Brent crude rose 0.02 per cent to $84.92 a barrel.
Foreign institutional investors (FIIs) sold shares worth Rs 6,792.80 crore on Monday, according to exchange data.