Sensex, Nifty close volatile trade in positive territory on firm global cues
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Key indices of the domestic equities market opened flat on Tuesday morning, tracking mixed global cues. Auto and IT stocks were up in the morning trade. Heavyweight Reliance was up 0.26 per cent as well.
"Asian markets rose shrugging off concerns about China regulatory actions and Delta strain spread. In India, Bank stocks are up, while Realty stocks have come under profit taking." said Deepak Jasani, head of Retail Research at HDFC Securities
The BSE Sensex traded at 52,868.36 points, at 10.15 am, higher by 281.52 points or 0.54 per cent from its previous close
BSE Sensex traded at 52,756.55 points, at 10.30 a.m., lower by 383.51 points or 0.72 per cent from its previous close
Gold prices tumbled Rs 394 to Rs 31,249 per 10 grams in futures trade Tuesday as participants indulged in off-loading their exposure in line with a weak trend overseas amid profit-booking at prevailing levels.
Sector-wise, heavy selling pressure was witnessed in banking, consumer durables and auto counters.
Globally, gold fell 0.11 per cent to USD 1,204.80 an ounce and silver by 0.07 per cent to USD 14.23 an ounce in Singapore.
Inflationary risks on the back of higher crude oil prices and a weak rupee coupled with a rise in global protectionist measures dragged the key Indian equity indices deep into the red on Tuesday.
Shedding the gains made earlier in the day, the Indian equity indices plunged nearly 1 per cent on Monday, with the S&P BSE Sensex losing 332.55 points, tracking similar global cues and a slowdown in the manufacturing sector.
