Tuesday, 26 February 2019

Market Live: Geopolitical tensions drag Nifty below 10,800 at open, Sensex falls 200 pts; banks under pressure


Market Opens: The geopolitical tension on Indo-Pak border has pulled the Nifty below 10,800 in the opening trade, while Sensex is down over 200 points.

The Sensex is down 241.49 points at 35971.89, while Nifty is down 81.60 points at 10798.50. 

About 171 shares have advanced, 780 shares declined, and 41 shares are unchanged. 

Top gainers are Bharti Infratel, Asian Paints and HCL Tech, while losers include Yes Bank, SBI, Indiabulls Housing, JSW Steel, Hero Moto, ONGC, ICICI Bank, Hindalco, Vedanta, Bajaj Fiance and Rain Industries, Jet Airways and Spicejet.

Rupee Opens: The Indian rupee slipped in the early trade on Tuesday. It opened lower by 28 paise at 71.26 per dollar versus previous close 70.98.


Market at pre-open: Benchmark indices slipped in the pre-opening trade with Nifty trading below 10,850 level.

At 09:02 hrs IST, the Sensex is down 123.65 points or 0.34% at 36089.73, and the Nifty down 35.60 points or 0.33% at 10844.50.

Crude update: Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when U.S. President Donald Trump called on OPEC to ease its efforts to boost the market.

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 46 points or 0.42 percent. Nifty futures were trading around 10,846.50-level on the Singaporean Exchange.

Wall Street ends higher: Wall Street's three major indexes ended higher on Monday but well below the session's highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.

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Source: Moneycontrol

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