US markets closed with a fall on Tuesday
US markets closed with a fall on Tuesday
Sensex jumped 324.61 points in early trade amid a positive trend in Asian markets after two days of decline in benchmark indices on July 13.
The 30-share BSE Sensex opened on a positive note and rose 324.61 points to 54,211.22. The broader NSE Nifty climbed 81.3 points to 16,139.60.
Among the Sensex constituents, Hindustan Unilever, Asian Paints, Bajaj Finserv, Power Grid, Larsen & Toubro and Bajaj Finance were the major gainers.
HCL Technologies, Reliance Industries and HDFC Bank were among the laggards.
Chief Investor VK Vijayakumar said, “The major positive development from India’s economic and market perspective is Brent crude’s fall below $100. Bulls may be vulnerable to this good news. But FIIs will be sellers again.” Strategist at Geojit Financial Services.
Meanwhile, markets in Shanghai, Seoul, Tokyo and Hong Kong were trading in the green in Asia.
On Tuesday, the US markets closed with a fall.
Retail inflation eased slightly to 7.01% in June, but was above the central bank’s tolerance band for the sixth consecutive month, indicating more interest rate hikes in the future.
Retail inflation in May stood at 7.04 per cent, according to government data released on Tuesday.
On Tuesday, the BSE Sensex closed 508.62 points or 0.94% lower at 53,886.61. Nifty closed 157.70 points or 0.97% lower at 16,058.30.
Meanwhile, international oil benchmark Brent crude climbed 0.27% to $99.75 a barrel.
Foreign institutional investors remained net sellers on Tuesday as they sold shares worth Rs 1,565.68 crore, according to exchange data.