Sensex and Nifty erased gains on Tuesday afternoon, after opening higher tracking global cues. The 30-share Sensex ended the day 41 points higher at 34,991.91, while the broader Nifty 50 ended below the psychological 10,500-mark.
In Tuesday’s session, the Sensex commenced higher at 35,076.24 points and continued its upward march to hit a high of 35,196.03. However, profit-booking in the last one hour of trading, in line with losses in European markets, wiped-off most Sensex gains as it hit a low of 34,889.72 and settled at 34,991.91 points, up 40.99 points or 0.12 per cent. Intra-day, Sensex slipped 61 points from previous close to hit the day’s low at 34,889.72, while the broader Nifty 50 moved below the psychological 10,550-mark. In the Sensex, Tata Motors shares zoomed more than 4%, while VEDL shares gained up to 3.5%. Yes Bank share price gained 3.7% to intra-day high of Rs 217.90. RIL, TCS, Infosys and IndusInd Bank shares gained more than 1% each. Shares of SBI and Axis Bank tanked more than 3.5% intra-day. After today’s
Earlier, Nifty futures were trading around 10,595-level on the Singaporean Exchange indicating a positive start for Sensex and Nifty. Asian stocks eked out modest gains at the open after a mixed U.S. session ahead of midterm elections. Treasury yields ticked higher and the dollar was steady.
The S&P 500 index rose on Monday with rally in shares from from financial, energy and defensive sectors as investors showed some caution on the eve of US congressional elections. We bring to you live updates from today’s trade.