The Indian equity markets on Tuesday witnessed a mixed opening, while the Sensex climbed 213 points and the Nifty 50 was trading 146 points down amid growing concerns in the West Asia region.
In the broader markets, the Nifty Midcap was down 0.15 per cent, and the Nifty Smallcap was up 0.67 per cent.
At 10:00 AM, the Nifty 50 was down 143.85 points, or 0.58 per cent, at 24,630.45, and the Sensex rose 213.19 points, or 0.27 per cent, to 78,852.22.
Top gainers on the market were Hindalco, Trent and Bharat Electronics, while tech and auto stocks including Bajaj Auto, Titan and Infosys were among the top losers.
The Gift Nifty trends also indicated a flat-to-positive start for the Indian benchmark index.
The Gift Nifty was trading at around 24,669, a 20-point premium to the Nifty futures’ previous close.
On Monday, the Indian stock market ended higher, with the benchmark Nifty 50 closing below 24,800.
The Sensex jumped 544.39 points, or 0.70 per cent, to close at 78,639.03, while the Nifty 50 settled 390.70 points, or 1.60 per cent, higher at 24,774.30.
The majority of the sectoral indexes are trading mixed, with stocks in the IT sector and insurance sector witnessing selling pressure.
Meanwhile, stocks in the capital goods and metal sector witnessed heavy buying.
Speaking of stock markets, Rahul Shah, Research Analyst at Equity Master, highlights the risks of rising valuations as investor money continues to flow into popular stocks and index funds.
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