Globally, the markets have been looking at the attitude of the American side about how they respond to charges on the rest of China's imports.
MUMBAI: The Bombay Stock Exchange's Sensex on Tuesday fell more than 176 points. The markets fell below the heavy selling in the shares of financial sector and energy sector companies. The 30-share Sensex of the Bombay Stock Exchange fell 176.27 points, or 0.52 points, to 33,891.13. The National Stock Exchange's Nifty closed 52.45 points or 0.51 percent down at 10,198.40 points. Globally, the markets have been looking at the attitude of the American side about how they respond to charges on the rest of China's imports.
Apart from this, the domestic market remained unchanged due to the quarter results of the companies, the domestic market could not sustain the growth recorded in the previous session. On Monday, the Sensex was up 718 points and the Nifty rose 220 points. Markets on the global level are mixed.
Vinod Nayyar, head of research at Geojit Financial Services, said, "The weak global trend and the expectation of the companies are the selling pressure from the weak quarterly results, due to the decrease in crude oil prices, the market will get some support, besides the upcoming trade between the US and China. Everyone has a look at the talks too, and this will also give direction to the market. "
Reliance Industries shares fell 2.84 percent to Rs 1,057.15 in the Sensex companies. The share of the company came down due to reports of the government implementing cost control for the rising prices of petrol and diesel. In other companies, shares of IndusInd Bank, HDFC, HDFC Bank, Kotak Bank, Coal India and Sun Pharma came down to 3.5 percent. . On the other hand, shares of Infosys, Hindustan Unilever, State Bank of India, Tata Consultancy Services (TCS) and Tata Motors rose 2.48 percent.
BSE Midcap and Smallcaps both have a profit of around one per cent. Sugar industry organization Isma estimates that sugar production in the current marketing year could be reduced by 3 percent to 3.15 million tonnes. This led to a rise of 10 percent in Chinese manufacturers' shares. Crude oil prices fell marginally on Tuesday. Brent crude futures fell 11 cents to $ 76.75 a barrel. Shanghai Composite rose 1.02 percent in Asian markets. Hong Kong's Hang Seng dropped 0.91 percent. Japan's Nikkei remained in profit of 1.45 percent. In the early trading, the European markets were mixed.
MUMBAI: The Bombay Stock Exchange's Sensex on Tuesday fell more than 176 points. The markets fell below the heavy selling in the shares of financial sector and energy sector companies. The 30-share Sensex of the Bombay Stock Exchange fell 176.27 points, or 0.52 points, to 33,891.13. The National Stock Exchange's Nifty closed 52.45 points or 0.51 percent down at 10,198.40 points. Globally, the markets have been looking at the attitude of the American side about how they respond to charges on the rest of China's imports.
Apart from this, the domestic market remained unchanged due to the quarter results of the companies, the domestic market could not sustain the growth recorded in the previous session. On Monday, the Sensex was up 718 points and the Nifty rose 220 points. Markets on the global level are mixed.
Vinod Nayyar, head of research at Geojit Financial Services, said, "The weak global trend and the expectation of the companies are the selling pressure from the weak quarterly results, due to the decrease in crude oil prices, the market will get some support, besides the upcoming trade between the US and China. Everyone has a look at the talks too, and this will also give direction to the market. "
Reliance Industries shares fell 2.84 percent to Rs 1,057.15 in the Sensex companies. The share of the company came down due to reports of the government implementing cost control for the rising prices of petrol and diesel. In other companies, shares of IndusInd Bank, HDFC, HDFC Bank, Kotak Bank, Coal India and Sun Pharma came down to 3.5 percent. . On the other hand, shares of Infosys, Hindustan Unilever, State Bank of India, Tata Consultancy Services (TCS) and Tata Motors rose 2.48 percent.
BSE Midcap and Smallcaps both have a profit of around one per cent. Sugar industry organization Isma estimates that sugar production in the current marketing year could be reduced by 3 percent to 3.15 million tonnes. This led to a rise of 10 percent in Chinese manufacturers' shares. Crude oil prices fell marginally on Tuesday. Brent crude futures fell 11 cents to $ 76.75 a barrel. Shanghai Composite rose 1.02 percent in Asian markets. Hong Kong's Hang Seng dropped 0.91 percent. Japan's Nikkei remained in profit of 1.45 percent. In the early trading, the European markets were mixed.
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