Domestic equity markets will remain closed on Tuesday on account of “Bakri Id”. Benchmark indices BSE Sensex and NSE Nifty tumbled over 1.50 per cent on Monday, tracking global meltdown after US rate hike fears resurfaced. The 30-share index closed 443.71 points down at 28353.54, while Nifty 50 index settled 151.10 points down at 8,715.60. The BSE Midcap index registered its biggest one-day fall on Monday since February 2016. The index closed 2.95 per cent, or 393.43 points, down at 12951.89. The BSE Smallcap index closed 2.35 per cent, or 301.69 points, down at 12559.70.
Foreign portfolio or foreign institutional investors remained net sellers in the Indian equity markets on Monday as they sold shares worth of Rs 337.15 crore in the last trading session. Factory output data, or industrial production, slipped by 2.4 per cent in July posting the worst performance in eight months mainly on account of falling output in capital goods and manufacturing sectors.
Asian markets were trading mixed on Tuesday. Hang Seng and Nikkei were trading higher by 0.94 per cent and 0.02 per cent in the morning trade. Shanghai Composite index was down 0.27 per cent.
US markets edged higher on Monday after Federal Reserve policymakers sounded cautious on near-term interest rate hike. The Dow Jones Industrial Average gained 239.62 points to 18,325.07, the S&P 500 advanced 31.23 points to 2,159.04 and the Nasdaq Composite closed 85.98 points higher at 5,211.89.