Mumbai: Equity Benchmark Sensex fell more than 100 points in early trade on Tuesday tracking losses in the Reliance Industries index, HDFC twins and Bank Box although most positive trends on the global market.
The 30-stock index traded 122.35 points or 0.20 percent lower at 60,596.36 in the initial transaction.
Likewise, Nifty fell 45.45 points or 0.25 percent to 18064.
HDFC is a top loser in the sensex package, spilling more than 1 percent, followed by bank boxes, Asian paint, bank boxes, reliance industries and powergrid.
On the other hand, Tata Steel, M & M, Bajaj Finserv, Maruti, Nestle India and Tech Mahindra are among enhancers.
In the previous session, Sensex settled 32.02 points or 0.05 percent higher at 60,718.71.
Similarly, Nifty rose 6.70 points or 0.04 percent to 18,109.45.
Foreign institutional investors (FIIS) are clean buyers in the capital market, because they buy shares worth RS 424.74 Crore on Monday, according to data exchange.
“The market direction is likely to be largely influenced by global development, especially market response to increasing inflation.” The US and European markets raised the shoulder of the US inflation rate of 6.2 percent very significantly and this tended to provide resistance to global equity.
Market in the short term even while there are concerns about assessment assessments in stock prices, “VK Vijayakumar said, the head of investment strategist at Geojit Financial Services.
Returning to India, RBI again warned that stock prices in India were much higher.
With traditional parameters assessment .
But the central bank is optimistic about the recovery of growth that is being carried out in the Indian economy, he noted.
elsewhere in Asia, exchanges in Shanghai, Hong Kong, Tokyo and Seoul traded with the increase in mid-session, stocks in the US ended slightly lower on the session Last night.
Meanwhile, Brent Crude’s international oil benchmark rose 0.89 percent to $ 82.78 a barrel.