The record
Written from the 1 report below. Nothing here is unsourced.
- Indian equity markets opened nearly flat and traded with high volatility on Tuesday, a day after a sharp Monday fall in which the Sensex closed down 443 points and the Nifty down 96 points.
- The Sensex opened at 77,649 and swung between 77,753 and 77,541, while the Nifty moved between 24,262 and 24,203.
- The choppy trade came despite positive signals from Asian markets and Gift Nifty, and is attributed to Middle East war tensions, a proposed 10-day ceasefire between Iran and the US, falling crude prices, and threats to the Bab al-Mandeb shipping route after a Houthi blockade.
- Large-cap stocks were mixed, with HDFC Bank, Infosys, SBI, TCS and Reliance falling, while Tech Mahindra, IndiGo, Bajaj Finserv, Asian Paints and Axis Bank rose.
What to watch next
- Outcome of the proposed 10-day Iran-US ceasefire talks mediated in the Middle East
- Developments around the Bab al-Mandeb shipping route blockade by Iran-backed Houthis
- Movement in crude oil prices and their impact on Indian markets
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Named India · Iran · United States · Saudi Arabia · Japan · South Korea · Yemen · Asian Paints · Bajaj Finserv · Eternal · HDFC Bank · IndiGo · Infosys · Reliance · SBI · TCS · Tech Mahindra · Bombay Stock Exchange · Gift Nifty
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