Sensex, Nifty Make Flat Start On Tuesday, Metals, Healthcare Stocks Drag

Stock Market Open: The domestic bourses begin with a flat move on the second trading session of the week with metal stocks dragging the market down while oil and gas and media stocks were trying to push the market up. 

As of 09:22, the BSE’s 30-share index Sensex was trading 60 points or 0.08 per cent up while the National Stock Exchange’s broader Nifty 50 was 16.50 points higher than its close on Monday. 

Sectoral Performance

Amid the market volatility, the stock market was showing mixed sectoral performance with Nifty IT, Nifty FMCG and Nifty Oil & Gas taking the lead while Nifty Midsmall Financial Services, Nifty Metal, and Nifty Consumer Durables were among the biggest sectoral laggards at NSE on Tuesday. 

On the other hand, Nifty Pharma, PSU Banks, Realty, and IT & Telecom stocks were moving flat in the early trade. 

Top Gainers On Tuesday 

The top gainers in the early trade on Tuesday include: 

1. Tata Motors
2. Nestle India
3. Hero Moto Corp
4. Bajaj Auto
5. Eicher Motors 

Top Losers On Tuesday 

The top losers in the early trade on Tuesday include: 

1. JSW Steel
2. IndusInd Bank 
3. Shriram Finance
4. Trent 
5. Tata Steel 

Asian Stocks Edged Higher 

Asian stocks edged higher on Tuesday amid a quiet, holiday-shortened trading week, while the US dollar climbed to a near two-year high, supported by rising Treasury yields.  

The subdued market activity comes in the wake of recent central bank decisions. Meeting minutes from Japan and Australia highlighted their decisions to keep interest rates steady. Meanwhile, the dollar's sustained strength continues to exert pressure on commodities and has prompted currency interventions in countries like Brazil and Indonesia as they grapple with inflationary challenges.