Sensex falls more than 100 points; bank, energy, IT stock carryover
MUMBAI: national capital reference BSE sensex fell more than 100 points in the first sessions on Tuesday, dragged by banking, energy and IT actions, amid weak global signals.
The 30-share index traded 147.66 points, or 0.40 percent, to 36,975.65 at 0930 hours, while the broader Nifty fell 43.30 points, or 0.39 percent, to 10,960.20.
In the previous session, the BSE barometer was set at 262 points, or 0.70 percent, at 37,123.31, while the Nifty closed 79.80 points, or 0.72 percent, at 10,996.10.
The main losers in the sensex package in early trade included Tech Mahindra, HCL Tech, Hero MotoCorp, Axis Bank, Bajaj Auto, HDFC, Bharti Airtel, Mu0026M, TCS, Tata Motors, ICICI Bank and Maruti, falling to 1.86 percent.
On the other hand, Vedanta, Yes Bank, Asian Paints, Tata Steel, ONGC, SBI and IndusInd Bank, rose to 2.22 percent.
On Monday, the foreign portfolio investor sold shares for a net value of Rs 751.26 million, while national institutional investors bought Rs 308.56 million, according to provisional data.
Investor sentiment remained weak amid geopolitical uncertainties about the Saudi oil crisis, the US-China trade war and the impending global economic slowdown, experts said.
The market is now waiting for signs of upcoming trade talks between China and the US. UU., As well as a long-awaited political meeting of the Federal Reserve, scheduled to begin later in the day.
In other parts of Asia, the Shanghai, Hang Seng and Nikkei composite index traded in red at their respective morning sessions, while Kospi was in positive territory.
On Wall Street, the bags ended on a negative note on Monday.
The rupee, meanwhile, depreciated 17 paise compared to its previous close at 71.77 at the beginning of the session.
The world benchmark for Brent crude oil fell 0.93 percent to $ 68.38 per barrel (intraday).