Market Live Updates: Indices trade in range, Sensex down 50 points; Pharma, IT stocks slip

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Share/Stock Live Updates: The frontline equity indices on the BSE and National Stock Exchange (NSE) trimmed their opening losses and turned range-bound in the late morning trade on Tuesday amid weakness in global markets.

At 11:05 am, the S&P BSE Sensex was trading at 59,235.40, down 63.92 points (0.11 per cent), while the Nifty 50 was down 9.45 points (0.05 per cent) at 17,681.80.

On the Sensex pack, Bharti Airtel, Asian Paints, Larsen & Toubro (L&T), IndusInd Bank, Maruti Suzuki India, and Hindustan Unilever were the gainers in the late morning deals while Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, ICICI Bank, Tech Mahindra, Infosys and State Bank of India (SBI) were among the laggards.

Among sectoral indices on NSE, the Nifty Pharma index was down over 1 per cent weighed by Cipla and IPCA Laboratories. The Nifty IT index slipped over 0.75 per cent dragged by L&T Technology Services and Coforge.

(with inputs from agencies)

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

The Indian rupee depreciated 32 paise to 74.63 against the US dollar in opening trade on Tuesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.

Forex traders said rising crude oil prices and risk-off sentiments could weigh on investor sentiment and drag down the local unit.

At the interbank foreign exchange, the rupee opened on a weak note at 74.63, registering a decline of 32 paise from the last close. On Monday, the rupee had settled at 74.31 against the US dollar.

(PTI)

Asian shares suffered heavy losses early on Tuesday following a broad sell-off on Wall Street, as markets fretted about the impact of multi-year high oil prices at a time when supply chain disruptions are already putting pressure on economic activity.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped as much as 1.3%, falling for a third consecutive session. Japan stocks were down 2.8%, South Korea gave up 2.5% and Australia shed 1%.

The drop in markets took MSCI’s main benchmark to 619.87, the lowest since November 2020. It has shed more than 5% this year, with Hong Kong and Japanese markets among the big losers.

The drop in markets took MSCI’s main benchmark to 619.87, the lowest since November 2020. It has shed more than 5% this year, with Hong Kong and Japanese markets among the big losers.

(Reuters)

Sensex drops 92.73 pts to 59,206.59 in opening session; Nifty slips 20.40 pts to 17,670.85.

(PTI)

On Monday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) had snapped out of their 4-session losing streak and ended nearly 1 per cent higher led by gains in market heavyweight Reliance Industries (RIL), metals, pharmaceutical, banking and financial stocks.

The S&P BSE Sensex climbed 533.74 points (0.91 per cent) to end at 59,299.32 while the Nifty 50 settled at 17,691.25, up 159.20 points (0.91 per cent). Both the indices had opened around 0.5 per cent higher and extended gains later in the day’s trade.

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