• Source:JND

Stock Market Today: Domestic equity indices began Tuesday's session in negative territory amid selling in Reliance and other major companies. At around 9:27, BSE Sensex was trading at 85,102, down 337 points, while Nifty50 fell 61 points to 26,189. 

The NSE's Nifty 50 index opened at 26,189.70, down by 60.60 points or 0.23 per cent, while the BSE Sensex began the session at 85,331.14, declining by 108.48 points or 0.13 per cent.

From The Sensex Basket, Trent, Reliance, Eternal, HDFC Bank, Adani Airports were the top losers, while ICICI Bank, Bajaj FinServ, Axis Bank, Asian Paint, TCS and HCL were trading in green. 

"Nifty 50 began trading around the 26,200 mark, showing early signs of recovery from support and holding above its short-term demand zone. A sustained move and hourly close above the previous day’s high would be crucial to re-establish upside momentum and revive the broader bullish trend," said  Ponmudi R, CEO of Enrich Money. 

International Market

The majority of the international markets showed a mixed approach but remained largely supportive. Most of the Asian peers were in green in early trades, due to a rally in defence and technology stocks. 

Meanwhile, gold and silver continued their bullish rally amid investors' sustained interest in safe-haven assets. Át the same time, Oil prices remained in the red, driven by a weaker US dollar.

Sectoral Indices and Broader Market

Among the sectoral indices, Nifty IT and Oil and Gas indices started the session in negative territory. While other sectors, including Nifty Auto (up by 0.10 per cent), Nifty FMCG (up 0.18 per cent), and PSU Bank ( up 0.25 per cent), were up in the morning trade. 

Nifty Realty and Nifty Metal were also trading in green. 

In the broader markets, a mixed trend was observed. Mid-cap and small-cap stocks were trading in the green, while the Nifty 100 index was in the red, indicating selling pressure in large-cap stocks.


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