Sensex Today: Indian equity benchmark indices began Tuesday’s session on a subdued note, tracking weak cues from Asian markets.
At around 10 am, the Sensex was trading 490.80 points or 0.58 percent lower
at 84,722.56. The Nifty slipped 145.90 points or 0.56 per cent to 25,881.40, falling below the 25,900 level.
Index heavyweights Infosys and Reliance Industries dragged the benchmarks in early trade. Sun Pharma, Bajaj Finance and Tata Steel were also among the notable laggards, while Trent and Asian Paints bucked the trend to trade higher at the open.
Global cues
On the data front, global investors are awaiting key releases, including non-farm payroll and retail sales data from the US, trade data from the Euro Area, employment figures from the UK, and production and retail sales data from China. Back home, market participants will track HSBC Manufacturing, Composite and Services PMI flash readings.
Across the Asia-Pacific region, markets were trading mostly lower on Tuesday, mirroring an overnight decline on Wall Street as investors continued to rotate out of US artificial intelligence-linked stocks. Japan’s Nikkei 225 fell 1.27 per cent, while South Korea’s Kospi slipped 0.75 per cent for a second straight session. Australia’s S&P/ASX 200 was largely flat.
Overnight in the US, Wall Street’s key indices ended lower on Monday as investors braced for a busy week of economic data and assessed reports on potential Federal Reserve candidates, along with policymakers’ comments for cues on the interest-rate outlook. The S&P 500 slipped 0.16 per cent after opening higher, the Dow Jones Industrial Average edged down 0.09 per cent, and the Nasdaq Composite declined 0.59 per cent.
