Stock Market Today: Tuesday’s opening of the Sensex and Nifty indices was positive as investors were relieved by domestic inflation data for October.
Following a 10% decline in net profit for Q2FY23 to Rs 168 crore due to tax adjustments, Biocon may also experience some movement.
Since SEBI approved Adani Group’s open offer for a 26% additional share in the broadcaster, NDTV will be among the stocks being watched.
Tuesday’s oil price decline and neutral Asian stock markets.
As investors processed the economic ramifications of China’s COVID policy revisions and a rescue package for the nation’s faltering real estate market, Asian stock markets were neutral on Tuesday and oil prices declined.
Tuesday’s opening of Tokyo’s benchmark Nikkei index was unchanged after Wall Street declined following rallies last week that were sparked by expectations that the Federal Reserve would scale back its interest-rate increases.
After vacillating between positive and negative territory, the benchmark Nikkei 225 index was down 0.1%, or 2.85 points, at 27,960.62 in early trade, while the more inclusive Topix index was up 0.23 percent, or 4.52 points, at 1,961.42.
The major indices of Wall Street finished lower on Monday
As investors processed remarks from US Federal Reserve officials about their intentions to raise interest rates and searched for new catalysts following last week’s significant stock market rally, Wall Street’s main indexes ended lower on Monday, with the real estate and discretionary sectors leading broad declines.
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