The Nifty futures lost 0.73% to close negative at 14,875 levels. Among the specific stocks, BHEL, Coal India NSE 5.88%, CONCOR, GAIL, NTPC, IOC, Voltas, HPCL, Siemens NSE 3.49%, ONGC, BEL, ICICI Pru, Havells, Berger Paint, IGCL, BPCL saw a spurt in trade setup Has gone. , TVS Motor NSE 2.08%, UPL, Powergrid NSE 1.61%, and Sun Pharma but weak in HDFC, Kotak Bank, Ramco Cement, Cipla, and HCL Tech.
The Nifty opened with a gap below the 14,800 level on Tuesday amid weak global cues, but the bull took charge from the initial tick and moved the index towards the 14,900 marks. This formed a strong candlestick on the daily chart but negated the formation of the highs of the previous five sessions before closing the day with a loss of around 90 points.
Bank Nifty opened with a gap but managed to hold the 32,500 level and moved towards the 33,150 marks. For the past three seasons, it has faced constant pressure near 33,333 points. The day closed with a loss of around 270 points. Despite the consolidation, the index outpaced the broader market and formed a strong candle, even negating the high highs and lows of the previous three sessions.
Shares in Asia declined on Tuesday following the sale of several big tech companies.
Japan’s Nikkei lost 22 %% 2. %% and Hong Kong 2.4% on Tuesday.
Tokyo’s Nikkei 225 slipped to 28,705.95, while Hang Seng in Hong Kong closed at 27,928.11. The Shanghai Composite Index lost 0.3% to close at 3,417.80. In Seoul, Cospi declined 1.3% to 3,206.80.
Australia’s S&P / ASX 200 fell 1.1% to close at 7,094.30. Tuesday is the day for the government to release a big-spending economic plan for the next fiscal year and repair jobs and compensate for the pandemic damage to win the general election.
Shares fell in other regional markets.
On Monday, the S&P 500 fell 1% to 4,188.43. The Dow Jones Industrial Average fell 0.1% to 34,742.82. The blue-chip index, which was at an all-time high on Friday for the third straight day, traded higher for Monday but was dipped in red in the last half-hour of trading.
The small company and technology stocks were having a rough day. The Nasdaq fell 2.5% to 13,401.86, while the Russell 2000 index fell 2.6% to 2,212.70.
Large tech companies, including the parent company of Apple, Facebook, Amazon, and Google, accounted for most of the S&P 500’s decline. Communication stocks and companies that relied on consumer spending also helped to overcome market weaknesses in household goods manufacturers, utilities, and other sectors.
In other trades, US benchmark crude oil lost 52 cents to $ 64.40 a barrel in electronic trading on the New York Merchant Exchange. It rose 2 cents to $ 64.92 a barrel on Monday. The international standard for pricing was Brent crude at 57 cents to $ 67.75 per barrel.
The US dollar rose to 108.88 yen from 108.83 yen late on Monday. The euro strengthened from $ 1.2134 to $ 1.2148.