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Opening Bell: Sensex opens at 58,171 down by 66 points Nifty falls to 17,134 | Image: Wikipedia (Rep)
Following global cues, markets opened flat with Sensex on Tuesday at 58,171 down by 66 points and Nifty falling to 17,134.50 down by 19.80 points.
Top gainers in Sensex include Titan, LT, Bharti Airtel, TCS, ITC, Reliance and Tech Mahindra. The top performers during the morning session are Wipro, HDFC Bank, Kotak Bank, Tata Motors, Axis Bank and Bajaj Finance.
Top nifty gainers in the morning trading session were Dr. Reddy’s Laboratories, ONGC, BPCL and SBI Life Insurance and Adani Enterprises, Adani Ports, IndusIn Bank and Asian Paints were among the losers.
Wall Street was down on Monday dragged by the collapse of Silicon Valley Bank, but the Nasdaq ended higher on hopes that the Federal Reserve would ease interest rate hikes. Tokyo markets opened sharply lower on Tuesday after a fall in European markets and assurances from US President Joe Biden that the American banking system is sound. The Nikkei 225 index was down at 27,183.10 an hour into trade while the Topix index saw a 2.95 percent drop to 1,942.04. The Singapore Exchange Nifty was at 17,218, up 39 points or 0.23 percent. Asian shares fell today after the second US bank fall on Monday.
Oil prices edged lower on Tuesday, continuing the previous day’s fall following the SVB crisis with Brent crude futures falling to $80.68 down 9 cents a barrel and US West Texas Intermediate crude futures falling to $74.64 a barrel.
Sensex on Monday closed 897 points lower at 58,238 and Nifty ended below 17,200 mark.
The Indian rupee opened on Tuesday at 82.29, 17 paise lower against the US dollar.
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