top gainers and losers
The BSE barometer Sensex fluctuated between gains and losses during the session, with 24 of the top 30 stocks ending in the green. Pharma major Sun Pharmaceutical Industries was the top gainer on the Sensex pack, rising 4%. Among others, Tata Consultancy Services, NTPC, Wipro and Tech Mahindra rose in the range of 3.3% to 2.7%.
In losses, the country’s largest steel maker Tata Steel topped the chart with a loss of 1.73%. Other notable losers were Power Grid Corporation of India, Titan Company, Nestle India and Reliance Industries, falling up to 0.5%.
Asian stocks fall, European markets fall
Global equity markets witnessed mixed trade on Tuesday, with Asian stocks closing in the red, while European stocks gained in early deals. In overnight trade, all three major US indices closed lower as reports of sanctions on oil imports from Russia pushed crude prices higher, raising concerns about rising inflation.
In the Asia-Pacific region, Japan’s Nikkei 225 fell 1.7%, the Hang Seng Index in Hong Kong fell 1.4%, and the Straits Times Index in Singapore fell 1.2%.
In a similar trend, Thailand’s SET Composite fell 0.5%, Indonesia’s Jakarta Composite 0.8%, South Korea’s KOSPI 1.09%, Taiwan’s Weighted Index by 2.06% and Australia’s ASX 200 Index fell 0.83%.
In mainland China, Shenzhen Component and Shanghai Composite declined 2.6% and 2.35%, respectively.
Meanwhile, European stocks edged higher in early trade amid buying in weak stocks. Germany’s DAX rose 1.27%, the UK’s FTSE 100 index rose 0.1%. France’s CAC index rose 1.6%, while Spain’s IBEX 35 rose 2.5%.