Sensex Today: Indian benchmark indices hit record highs in Tuesday’s opening trades, but soon slipped into the negative zone.
The BSE Sensex hit a high at 79,856, then down over 200 points at 79,250 levels. The NSE Nifty registered a new summit at 24,236 and quoted 75 points lower at 24,065 levels.
On the Sensex, HCL Tech, Bharti Airtel, TCS, L&T, Infosys, HDFC Bank, SBI and Tech Mahindra saw gains, while Titan, JSW Steel, Sun Pharma and Ultratech Cement led the losses.
According to Vinod Nair, Head of Research at Geojit Financial Services, “We expect this trend to continue in the short term as discretionary spending is expected to bounce back. Investors are now keenly watching upcoming US job data and the Fed Chair’s speech for more clarity on interest rates.”
Global Cues
Across Asian markets, Japan’s Nikkei 225 traded flat, edging up by 0.03 per cent, while the broad-based Topix rose 0.55 per cent. In contrast, South Korea’s Kospi declined by 0.7 per cent. Additionally, Australia’s S&P/ASX 200 slipped marginally by 0.11 per cent, and Hong Kong’s Hang Seng index futures were down by 0.28 per cent.
In the US overnight, the tech-focused Nasdaq surged 0.83 per cent. The Dow Jones Industrial Average climbed 0.13 per cent, while the broader S&P 500 experienced a slight uptick of 0.27 per cent.
