The key Indian equity indices – S&P BSE Sensex and the NSE Nifty50 – traded on a flat-to-positive note during the mid-afternoon session on Tuesday.
(Photo: IANS)
The key Indian equity indices – S&P BSE Sensex and the NSE Nifty50 – traded on a flat-to-positive note during the mid-afternoon session on Tuesday.
Their subdued performance came after they scaled fresh intra-day highs.
In the morning trade session, the S&P BSE Sensex touched a high of 38,402.96 points while the NSE Nifty50 climbed a peak of 11,581.75 points.
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However, broadly negative Asian markets along with investors’ fears over rise in trade protectionist measures and high crude oil prices subdued the key indices soon after.
Conversely, a strengthened rupee against the US dollar aided the key indices to arrest the slide. It strengthened to an intra-day high of 69.53 to a greenback.
Around 12.55 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,566.35 points – up by 14.60 points or 0.13 per cent – from its previous close.
The barometer 30-scrip Sensitive Index (Sensex), which opened at 38,360.32 points, traded at 38,293.46 points – higher by just 14.71 points or 0.04 per cent – from its previous session’s close of 38,278.75 points.
Sensex has so far touched a low of 38,213.87 points during the intra-day trade.
On Monday, the previous trade session, both the indices touched their new intra-day and closing highs, as investor sentiments were buoyed by the prospects of easing trade tensions and an appreciation in the Indian rupee.
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