Market Closing: Sensex Falls 238 pts, Nifty Below 19.100; Pvt Banks Weigh
Market Closing: Sensex Falls 238 pts, Nifty Below 19.100; Pvt Banks Weigh
The key benchmark indices started Tuesday trading session on an upbeat note, despite mixed cues from the global peers.

Sensex Today: Equities took a breather on Tuesday as investors’ sentiment remained sanguine amid aggressive bombing by Israel in Gaza region. Besides, mixed set of Q2Fy24 results, back home, along with nervousness ahead of the US Federal Reserve’s meeting kept investors on the sidelines.

The S&P BSE Sensex ended 238 points lower at 63,875 levels, while the Nifty50 closed at 19,080, down 61 points.

Among gainers, SBI Life, Titan Company, Kotak Bank, HDFC Life, Asian Paints, Hindalco, Tata Consumer Products, Cipla, and HCL Tech led from the front, rising up to 3.3 per cent.

On the downside, M&M, Sun Pharma, LTIMindtree, ONGC, Eicher Motors, Bharti Airtel, Britannia Industries, ICICI Bank, Axis Bank IndusInd Bank, Reliance Industries, Hero MotoCorp, HDFC Bank and Infosys fell between 0.5 per cent and 2.7 per cent.

Meanwhile, the broader makets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent.

Sectorally, the Nifty Bank index declined 0.5 per cent, followed by the Nifty Pharma (down 0.4 per cent). On the flipside, the Nifty Realty gained 1.27 per cent.

Global Cues

Overnight Wall Street ended with strong gains as crude oil prices dipped and yen rose to a two-week high versus dollar after reports suggested that the Bank of Japan was considering tweaking its yield curve control policy.

Brent Crude Oil prices tumbled over 3 per cent to $86.50-odd levels on Monday. Investors now await cues from the US Federal Reserve for its policy decision on Wednesday.

Cues from the Asia-Pacific region were mixed. Hang Seng and Kospi were down nearly 1 per cent each. Nikkei and Shanghai too were marginally in red, while the S&P/ASX 200 and All Ordinaries were up 0.3 per cent each.

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