Share market highlights: Sensex and Nifty closed higher on Tuesday morning, buoyed by a rally in Asian markets amid strong domestic and foreign inflows. The Sensex closed 425 points higher at 38,233.41, while the Nifty closed near the 11,500-mark. SBI shares closed 3.8% higher at Rs 305, while RIL shares closed 3.3% higher at Rs 1,369. Infosys shares ended 1.3% down at Rs 726.20.
Asian shares were shaky on Tuesday after US Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a US recession. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade after two days of losses. Japan’s Nikkei rebounded 1.1 percent after a 3.0 percent fall on Monday, Reuters reported.
U.S. stocks slipped on Monday, extending the previous session’s sell-off, hit by worries of a slowdown in global economic growth and as Apple shares fell. But trading was choppy, with stocks moving back and forth between negative and positive territory during the session, said Reuters report. We bring to you live updates.