The market witnessed a roller coaster ride as key benchmarks bounced back after briefly slipping into negative terrain in mid-afternoon trade. At 14:19 IST, the barometer index, the S&P BSE Sensex, was up 98.22 points or 0.27% at 36,403.24. The Nifty 50 index was up 28.50 points or 0.26% at 10,995.90.
Broader market witnessed selling pressure. Among secondary barometers, the BSE Mid-Cap index was down 0.60%. The BSE Small-Cap index was down 1.58%.
The market breadth, indicating the overall health of the market, was negative. On BSE, 777 shares rose and 1804 shares fell. A total of 145 shares were unchanged.
Realty shares declined. Indiabulls Real Estate (down 16.92%), Sunteck Realty (down 6.63%), DLF (down 6.52%), Prestige Estates Projects (down 6.05%), Unitech (down 5%), Housing Development and Infrastructure (HDIL) (down 4.99%), Parsvnath Developers (down 3.18%), Phoenix Mills (down 3.06%), Anant Raj (down 2.35%), Peninsula Land (down 1.14%), Mahindra Lifespace Developers (down 0.92%), D B Realty (down 0.45%) and Omaxe (down 0.16%), edged lower. Godrej Properties (up 0.05%), Sobha (up 1.57%) and Oberoi Realty (up 1.62%), edged higher.
Power generation shares declined. Reliance Infrastructure (down 6.44%), Jaiprakash Power Ventures (down 4.53%), Reliance Power (down 3.96%), Adani Power (down 3.04%), CESC (down 2.63%), Torrent Power (down 2.24%), NTPC (down 0.86%), GMR Infrastructure (down 0.3%) and Tata Power (down 0.07%), edged lower. NHPC (up 0.43%) and JSW Energy (up 0.93%), edged higher.
Also Read
State-run Coal India was down 2.31%. State-run Power Grid Corporation of India was down 3%.
Overseas, European stocks traded higher on Tuesday morning, supported by strong earnings.
Asian stocks were mixed. Markets in Hong Kong and South Korea are closed for public holidays. Investors were cautious as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.
US stocks closed mostly lower Monday as the US-China trade war entered a new phase when tariffs on billions of dollars of products took effect. Investors were also looking ahead to the Federal Reserve's two-day monetary policy meeting, which wraps Wednesday and is likely to result in another interest-rate hike.
On the US economic data front, the Chicago Fed's national activity index came in at 0.18 in August, unchanged with the previous month.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
