The markets were largely unchanged on Tuesday, with the Nifty at 18,590.30 and the Sensex at 62,784, both down by 62.38 points. The biggest gainers were Kotak Bank, HCL Tech, Titan, ITC, and Wipro, while the top losers were IndusInd Bank, HDFC Bank, Asian Paints, L&T, and Maruti.
As the businesses release their third-quarter results today, investors’ attention will be drawn to the stocks of Adani Ports, Bajaj Healthcare, Mankind Pharma, PC Jewellers, Reliance Infrastructure, V-Guard Industries, Suzlon Energy, Kirloskar Electric company, Greenply Industries, Patanjali Foods, Indiabulls Real Estate, 3M India, Apollo Hospitals Enterprises, Birla Tyres, and Mazagon Dock Shipbuilders.
The Sensex and Nifty
The Sensex increased by 351 points to close the day over 63,000 points, driven by gains in the auto and metal sectors. Due to strong global cues, the Nifty also crossed the 18,600 mark at closing.
Monday was a holiday; therefore, Wall Street was closed. Tuesday’s Asian markets were unsettled as a result of the impending vote on the proposed US debt agreement between US President Joe Biden and House Majority Leader Kevin McCarty.
- Markets remain unchanged, with Nifty and Sensex down.
- Holiday closed Wall Street; Asian markets unsettled due to Biden-McCarthy debt agreement vote.
- Oil prices rise amid OPEC+ output quota concerns.
The SGX Nifty in Singapore increased by 16.50 points to 18,706.50, the KOSPI in South Korea increased by 25.72 points to 2,584.53, and the Hang Seng in Hong Kong increased by 73.63 points to 18,624.74. However, after the blue-chip shares finished at a three-decade high on Monday, Japan’s Nikkei 225 fell by 160.94 points to close at 31,072.60.
Tuesday saw a continuation of the upward trend in oil prices as American policymakers made a hesitant choice to avoid a financial default amid concerns about future interest rate increases. In addition, there is the worry that OPEC+ will maintain the current output quotas.
US West Texas Intermediate crude rose by 53 cents to $73.20 per barrel, while Brent crude futures jumped by 35 cents to $77.42 per barrel.
In comparison to Monday’s close of 82.63, the Indian rupee opened weaker on Tuesday at 82.67 per dollar.
