Stock indices in India fell for the second consecutive session tracking weak cues from the overnight US markets. Also, the US central bank signalling that further hikes in interest rates may be needed to bring inflation to comfortable levels also hurt the market sentiment.
Key indices -- BSE Sensex surged 415.49 points or 0.69 per cent to 60,224.46. The Nifty 50 index added 117.10 points or 0.67 per cent to 17,711.45. Some of the top Nifty gainers were Adani Enterprises which went up 5.45 per cent, Tata Motors, which was up 2.92 per cent and ONGC, which rose 2
At 9.23 am, Sensex traded at 60,338.82 points, up 529.85 points or 0.89 per cent, and Nifty traded at 17,747.15 points, up 152.80 points or 0.87 per cent.
Benchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.
The key indices in the domestic market -- BSE Sensex went down 927 points and settled at 59,744.98 level while NSE Nifty lost 280 points and closed the session at 17,546.55 level.
The domestic equity markets on Tuesday continued with losses amid weak cues from global stocks. Indices of BSE IT, BSE Realty and BSE Financial Services also settled in the negative territory on Tuesday.
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