Indian Markets Continue To Underperform, With Nifty Down 34 Points To Close Below 17,000

Indian markets continue to underperform, with the Nifty down 34 points to close below 17,000.

The Indian stock market traded sluggishly in Tuesday’s session. Both indices are closed in the red.

The BSE Sensex closed 40.14 points or 0.07 percent lower at 57,613.72 and the NSE Nifty closed 34.00 points or 0.20 percent lower at 16,951.70.

The number of falling stocks was more than that of rising stocks on the NSE today. Almost all the indices closed in the red with Nifty’s Auto, IT, Banking, Metal, Realty, Energy, and Media closing in the red.

Indian markets continue to underperform: Top gainers and losers.

In the Sensex, IndusInd Bank, Power Grid, HDFC Bank, ICICI Bank, NTPC, HDFC Limited, Reliance, Tata Steel, Nestle, Axis Bank, and Titan closed with gains.

Whereas, Kotak Mahindra, Sun Pharma, TCS, ITC, SBI, Asian Paints, Infosys, HUL, Maruti Suzuki, Ultratel Cement, L&T, M&M, Bajaj Finance, HCL Tech, Bajaj Finserv, Wipro, Bharti Airtel, Tata Motors and Tech Mahindra Shares closed with a fall.

Condition of world markets: The condition of Asian markets was mixed today. Markets in Tokyo, Bangkok, Seoul, Jakarta, and Hong Kong advanced, while Shanghai and Taiwan closed in the red.

The shopping trend is being seen in European markets today. US markets closed higher in Monday’s session.

There has been a decline in the price of crude oil today. The price of Brent crude fell 0.42 percent to 77.79.

15 paise rise in rupee: The rupee received 15 paise to shut at 82. sixteen in opposition to the dollar. A weak dollar is being attributed to the rise in the rupee.

According to the Interbank Foreign Exchange, the rupee opened at 82.20 and closed at 82.16 against the dollar.

The rupee touched a high and low of 82.16 during the session. The dollar index, which reflects the strength of the American currency, fell 0.26 percent to 102.59.