The rising escalation between Iran and Israel has kept markets across the world on tenterhooks. Indian benchmark indices were no different, closing lower on Tuesday amid profit-booking as investors took a cautious approach.
After the previous session’s sharp rally, the 30-share BSE Sensex declined 212.85 points or 0.26 per cent to settle at 81,583.30. During the day, it dropped 369.14 points or 0.45 per cent to 81,427.01.
The 50-share NSE Nifty dropped 93.10 points or 0.37 per cent to 24,853.40.
With investors unwilling to invest in risky endeavours due to rising global crude oil prices and the upcoming US Fed interest rate decision later this week, experts say it’s unlikely that markets will witness a sharp rise this week.
From the Sensex pack, Sun Pharma, Eternal, Tata Motors, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the major laggards, while Tech Mahindra, Infosys, Asian Paints and Maruti were among the gainers.
In Asian markets, South Korea's Kospi and Japan’s Nikkei 225 index settled in positive territory, while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
European markets were trading lower in mid-session deals, even though the US markets ended higher on Monday.
Global oil benchmark Brent crude jumped 1.69 per cent to USD 74.47 a barrel.
Exchange data revealed that Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,539.42 crore on Monday, while Domestic Institutional Investors (DIIs) bought equities worth ₹5,780.96 crore.
On Monday, the 30-share BSE Sensex had jumped 677.55 points or 0.84 per cent to settle at 81,796.15, while Nifty had climbed 227.90 points or 0.92 per cent to 24,946.50.
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