Market sentiment to remain strong till Nifty stays above 10,750-10,800

The domestic market continued to trade weak amid a global sell-off triggered by concerns about rising Covid-19 cases and news reports on suspicious transactions involving international banks.

Extending their Monday's decline, the benchmark indices were trading over 0.5 per cent lower in the morning deals on Tuesday. The domestic market slumped on Monday amid a global sell-off triggered by concerns about rising Covid-19 cases and news reports on suspicious transactions involving international banks. The benchmark S&P BSE Sensex tumbled 812 points, or 2.09 per cent to settle at 38,034 levels while NSE's Nifty fell 254 points, or 2.2 per cent, to end at 11,250 — the biggest fall in three weeks. READ MORE

"For the Indian market, we have slavishly followed the global markets