The Indian stock market opened flat on Tuesday amid mixed global cues, tracking a fall in crude oil prices and expectations of a US Fed interest rate decision. According to the latest market data, the BSE Sensex declined 181.59 points or 0.24 per cent, to 76,925.48 at 9:25 am, after opening flat at 76,912 from the previous close of 77,094.07. The Nifty 50 dipped 47.40 points or 0.20 per cent to 24,055.50.
About 1,376 shares advanced, 882 shares declined, and 174 shares remained unchanged. Among the major gainers in early trade were Dr Reddy’s Labs, Adani Ports, Tata Consumer, Apollo Hospitals and Cipla. Top losers included Infosys, Hindalco, HCL Tech, TCS and Tech Mahindra.
Crude oil prices remained subdued after positive developments emerged from the US-Iran peace negotiations in Switzerland.
This triggered cautious optimism among global investors, which was reflected in broader Asian markets, where some benchmarks witnessed fresh falls while others surged in early trading. Japan’s Nikkei 225 dropped 0.9 per cent in morning trade to 71,681.29.
Australia’s S&P/ASX 200 climbed a little over 0.1 per cent, while South Korea’s KOSPI dropped 2.8 per cent and Hong Kong’s Hang Seng slipped 0.4 per cent.
Meanwhile, the Shanghai Composite added 0.2 per cent to 4,170.58 despite the yuan dropping to its eight-week low against the US dollar.
On Wall Street, stocks drifted through a mixed session on Monday after oil prices eased and Big Tech stocks declined.
The S&P 500 slipped 0.4 per cent, coming off 11 winning weeks in the last 12, and pulled 1.8 per cent below its all-time high set earlier this month.
The Dow Jones Industrial Average added 148 points or 0.3 per cent, while the Nasdaq Composite slumped 1.3 per cent.
Also read: Sensex, Nifty rebound as oil prices ease
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