Share Markets End Lower, Sensex, Nifty Crash Over 1 Per Cent

The Indian markets closed trading on Tuesday in red after witnessing massive volatility during the session today. The BSE Sensex crashed close to 1,300 points and settled under 81,150, while the NSE Nifty50 ended trading below 24,600, declining nearly 350 points.

The indices completely erased the gains made in the bull run in the previous trading session. On the 30-share Sensex, Sun Pharma, Adani Ports, Bajaj Finance, SBI and Tech M emerged as the only gainers in the day. Meanwhile, the laggards were driven by Infosys, PowerGrid, Eternal, HCL Tech, and TCS.

In the broader markets, the Nifty100 clocked the maximum losses and ended 1.16 per cent lower. On the other hand, the Nifty Microcap 250 settled trading 1.62 per cent higher. Sectorally, the IT index dominated the laggards and closed 2.42 per cent in red.

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Global Markets

Asian markets witnessed a strong rally and South Korea's Kospi, Japan's Nikkei 225 index, and Shanghai's SSE Composite index ended higher, while Hong Kong's Hang Seng closed lower. European markets traded mostly in the positive territory, while the US markets settled on Monday in green. The global oil benchmark, Brent crude, gained 0.32 per cent to touch $65.17 per barrel. Official exchange data revealed that foreign institutional investors (FIIs) infused Rs 1,246.48 crore into equities on Monday.

Vinod Nair, Head of Research, Geojit Investments Limited, noted, "The domestic market witnessed profit booking today, following yesterday’s sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather."

The Indian rupee mitigated most of its initial gains and closed 3 paise higher at 85.33 (provisional) agains the US dollar on Tuesday. In the earlier trading session on Monday, the domestic unit settled 22 paise higher at 85.36 against the greenback.

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