Sensex Gains Over 80 Points, Nifty Above 10,250
The domestic share markets traded in the green amid choppy trade on Tuesday. At 10:20 am, the S&P BSE Sensex traded at 34,151.71, up 84.31 points or 0.25 per cent and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,281.20, with a gain of 30.35 points or 0.30 per cent. Thirty one stocks on the NSE traded with gains. Gaining between 2.16 per cent and 3.02 per cent , HCL Tech, Yes Bank, Grasim Industries, GAIL, and Infosys were the top Nifty gainers.
In the sectoral landscape, Nifty PSU Bank - the index of state- run banking stocks - was the top gainer with 1.92 per cent.
Among stock-specific action, the top loser in the Nifty was Bharat Petroleum (down 3.61 per cent), whose second-quarter net profit nearly halved to Rs 1,218 crore.
In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.3 per cent, reported news agency Reuters. China shares fell 0.6 per cent in early trade while Japan's Nikkei average rose 0.7 per cent, clawing back earlier losses in a volatile session.
In overnight trade, US stocks fell, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about US-China trade policy tensions and a sharp drop in the big technology and internet shares. The Dow Jones Industrial Average fell 245.39 points, or 0.99 per cent, to 24,442.92, the S&P 500 lost 17.44 points, or 0.66 per cent, to 2,641.25 and the Nasdaq Composite dropped 116.92 points, or 1.63 per cent, to 7,050.29.
On Monday, foreign portfolio investors sold while domestic institutional investors purchased net equities of Rs 2,230.79 crore and Rs 2,526.9 crore respectively, according to provisional NSE data. Recovering from seven-month lows, the Sensex had closed at 34,067.40 and the Nifty at 10,250 in the previous session. (With agency inputs)
