Mumbai: Equity Indices Dip in Early Trade After Record Highs
Mumbai: Benchmark equity indices showed a decline in early trading on Tuesday, following record high levels achieved in the previous session. The BSE Sensex fell by 90.8 points to 82,897.98, while the NSE Nifty decreased by 26.9 points to 25,356.85.
Among the 30 Sensex constituents, Tata Motors, Tata Consultancy Services, Maruti, Bajaj Finserv, Tata Steel, and Adani Ports emerged as the primary decliners. In contrast, Hindustan Unilever, NTPC, Nestle, and ICICI Bank were notable gainers.
Asian markets exhibited mixed trends, with Tokyo and Shanghai trading lower, while Hong Kong posted gains. The US markets closed mostly higher on Monday, reflecting a global sentiment of cautious optimism.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented on the flat global equity markets, attributing it to a wait-and-watch approach in anticipation of the Federal Reserve’s upcoming rate decision.
Additionally, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 1,634.98 crore on Monday.
In commodity markets, Brent crude oil prices edged up by 0.45 percent to USD 73.08 per barrel.
On Monday, the BSE Sensex had reached a new record peak of 82,988.78, climbing by 97.84 points or 0.12 percent, and briefly touched an intra-day high of 83,184.34. The NSE Nifty also hit a new intra-day record peak of 25,445.70 before settling at 25,383.75, up by 27.25 points or 0.11 percent.
