Global cues pull indices down; metal stocks lose
Mumbai
27-October-2021
.webp)
PHOTO: IANS
Positive global cues along with healthy results from the financial sector pushed India's equity markets higher on Tuesday.
In the initial trade, the key indices opened flat and rose mildly in the morning before ceded gains.
Globally, Asian markets were largely down, similarly, European markets opened nominally weak.
Among sectors, Telecom and Healthcare have gained the most while Banks and Metals have lost the most.
Consequently, the 30-scrip Sensex traded at 61,236.96 points around 2.50 p.m., down 113.30 points, or 0.18 per cent.
Similarly, the NSE Nifty50 traded lower. It fell to 18,240.60, down 27.80 po ints, or 0.15 per cent.
"Nifty could struggle and may make an attempt to recover some of the lost ground later," said Deepak Jasani, Head of Retail Research, HDFC Securities.
Watch This TWL Video
According to Gaurav Garg, Head of Research at CapitalVia Global Research: "Indian Equity benchmarks cut some of their gains in the afternoon session amid mixed global cues."
"There will be some cautiousness with respect to FII net sellers of domestic markets - IANS
More Headlines
Junior Chidambaram Calls For Urban-Focused Political Outfit, Free Of Identity Politics
Uddhav and Raj Thackeray May Unite for Protest Against Hindi Imposition
With Govt Help and Good Prices, Dragon Fruit Turns into a Profitable Crop
Ex-DGP To Join Probe Into Akali Leader Majithia's Rs 540 Crore Drug Money Laundering Case
Villa Rental Platform StayVista Raises Over Rs 40 Crore in Series B Round
Junior Chidambaram Calls For Urban-Focused Political Outfit, Free Of Identity Politics
Uddhav and Raj Thackeray May Unite for Protest Against Hindi Imposition
With Govt Help and Good Prices, Dragon Fruit Turns into a Profitable Crop
Ex-DGP To Join Probe Into Akali Leader Majithia's Rs 540 Crore Drug Money Laundering Case
Villa Rental Platform StayVista Raises Over Rs 40 Crore in Series B Round