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The BSE Sensex and the NSE Nifty were trading lower on Tuesday ahead of key inflation data. The government will announce Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day.
Market update
BSE Sensex trades lower by 81.14 points, or 0.24%, at 33,374.65, while the Nifty 50 falls 31.70 points, or 0.31%, to 10,290.55.
Dr Reddy’s shares rise 5% after USFDA issues EIR
Dr Reddy’s Laboratories Ltd rose 5% to Rs2,287.85 after the company said the US Food and Drug Administration (FDA) issued an Establishment Inspection Report (EIR), stating closure of audit for the company’s formulations manufacturing plant 3 at Bachupally in Hyderabad.
10-year bond yield hits near 17-month high
The 10-year bond yield was at 7.226%, a level last seen on 27 July 2016, compared to its previous close of 7.175%. Bond yields and prices move in opposite directions. It gained for the fourth session to hit nearly 17-month high.
Rupee opens lower against US dollar
The rupee was trading at 64.44 a dollar, down 0.11% from its Monday’s close of 64.37. The rupee opened at 64.46 a dollar on Tuesday.
Sensex, Nifty open in the red
BSE Sensex trades lower by 76.56 points, or 0.23%, at 33,379.23, while the Nifty 50 falls 29.10 points, or 0.28%, to 10,293.
The BSE Sensex and the NSE Nifty were trading lower on Tuesday ahead of key inflation data. The government will announce Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day.
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