Stock Market, Nifty 50, Sensex Today Live Updates: Indian equity markets were trading lower on Tuesday as profit booking continued on Dalal Street.
The BSE Sensex index was trading near the day’s low level of 85,284, dropping 358 points or 0.42 per cent around 10 AM, while the Nifty50 was at 26,076, falling 100 points or 0.38 per cent.
In the broader segment, the Nifty MidCap index inched up 0.13 per cent, while the Nifty SmallCap index declined 0.15 per cent.
Sectorally, the Nifty Financial Services index fell 0.7 per cent and the Nifty Bank index slipped 0.4 per cent.
Global Cues
Asian markets were mostly higher on Tuesday. South Korean auto stocks rallied after US Commerce Secretary Howard Lutnick confirmed that reduced US auto tariffs of 15 per cent on South Korea would take effect retrospectively from November 1. Shares of Hyundai Motor jumped nearly 5 per cent, while Kia gained about 3 per cent, pushing the Kospi up 1.02 per cent.
South Korea’s November inflation rose 2.4 per cent year-on-year, marginally above estimates, while core inflation stayed at 2 per cent. The stable inflation trend supports the Bank of Korea’s decision to hold rates steady at 2.5 per cent.
Across Asia, sentiment remained cautious after a crypto-led sell-off on Wall Street. Bitcoin slumped nearly 6 per cent overnight, weighing on crypto-linked stocks such as Coinbase and Strategy. AI-linked stocks like Broadcom and Super Micro Computer also witnessed profit-taking.
Japan’s Nikkei 225 advanced 0.54 per cent in early trade. Japanese government bond yields surged, with the 10-year yield rising to 1.88 per cent — its highest level since 2008 — on expectations of a rate hike. Australia’s ASX 200 edged up 0.12 per cent.
Overnight in the US, the S&P 500 fell 0.53 per cent, the Nasdaq Composite declined 0.38 per cent, and the Dow Jones Industrial Average dropped 0.9 per cent.