Stock Market Update: Early Trade Insights and Latest News
Stock Market Trends and Early Observations
The stock market witnessed a decline in early trade on Tuesday, reflecting the latest breaking news on market performance. Following a robust three-day record rally, profit-taking emerged as a key factor in this adjustment. The 30-share BSE Sensex plunged 212.54 points to reach 84,716.07.
NSE Nifty Performance
The NSE Nifty also experienced a downturn, dropping 52.2 points to settle at 25,886.85. Major laggards included Infosys, Bajaj Finance, and Kotak Mahindra Bank. However, Tata Steel and JSW Steel showed resilience, contributing to wider market dynamics.
Global Influence and Local Response
On a global scale, Asian markets displayed a mixed trend, with Seoul, Tokyo, Shanghai, and Hong Kong trading in positive territory. The US market closed higher on Monday, further influencing investor sentiment. Notably, Foreign Institutional Investors (FIIs) purchased equities worth Rs 404.42 crore.
Currency Trends
The Indian rupee exhibited range-bound trading in the morning session, depreciating slightly to 83.57 against the US dollar. Rising crude oil prices and muted domestic equities contributed to this trend.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.