Indian Share Market News and Analysis
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The S&P BSE started on a cautious note with a negative bias in morning trade on Tuesday, led by losses in Infosys, HDFC, ICICI Bank, Hero MotoCorp, and Asian Paints.The Nifty50 slipped below its crucial support level of 7700 weighed down by losses in IT, banks, power, and realty stocks.
India's stock markets rose to a near 11-week high on Monday as hopes increased the central bank could cut rates by as much as 50 basis points next month after the government slashed the country's retail savings rate last week.The benchmark BSE Sensex rose 1.33 percent and closed at 25,285.37, while the broader NSE Nifty ended up 1.31 percent at 7,704.25. Both indexes earlier hit their highest levels since Jan. 6.
The S&P BSE started on a cautious note with a negative bias in morning trade on Tuesday, led by losses in Infosys, HDFC, ICICI Bank, Hero MotoCorp, and Asian Paints.The Nifty50 slipped below its crucial support level of 7700 weighed down by losses in IT, banks, power, and realty stocks.
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