Mumbai:
The Indian stock market opened flat on Tuesday due to mixed global cues. The market is trading mixed. At 9:17 am, the Sensex was up 48 points at 81,746 and the Nifty was up marginally by 17 points at 25,027. The market trend remains positive. On the National Stock Exchange (NSE), 1,299 stocks are in the green and 654 stocks are in the red. At the beginning of trading, a buying trend is seen in midcap and smallcap as compared to largecap.
The Nifty Midcap 100 index was up 185 points, or 0.32 per cent, at 59,117, and the Nifty Smallcap 100 index was up 51 points, or 0.27 per cent, at 19,183.
Pressure on Fin Service, Auto, Metal and Realty Index
Sector-wise, IT, PSU Bank, Pharma, FMCG, Media and PSE are the top gainers on NSE. Fin Services, Auto, Metal and Realty indices were under pressure. HCL Tech, L&T, Power Grid, Infosys, Nestle, UltraTech Cement, Sun Pharma, ITC, Titan, Bajaj Finserv and Wipro are the top gainers in the Sensex pack.
Almost all Asian markets except Tokyo declined
Kotak Mahindra Bank, M&M, HDFC Bank and IndusInd Bank are the top losers. Almost all Asian markets except Tokyo are in decline. Shanghai, Hong Kong, Bangkok, Seoul and Jakarta are trading in the red. The US markets closed mixed on Monday. Market experts say that both negative and positive factors are working for the market at this time.
The positive factor is that the US Fed has already indicated a reduction in interest rates. This means that interest rates will come down in the coming times and this will have a positive impact on the market. On the other hand, the negative factor is that tensions have increased in the Middle East and Ukraine, due to which the price of Brent crude has reached $81 per barrel. If the market falls due to this tension, then it will be an opportunity to buy.
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.