Mumbai | The BSE benchmark Sensex Tuesday rose 95 points but soon turned choppy on weak global cues amid lingering global trade war concerns.
The 30-share index opened higher by 95.32 points, or 0.25 percent, at 38,017.49. It, however, turned choppy and was trading 8 paise, or 0.02 percent, higher at 37,930.97 at 0930hrs. The gauge had lost 467.65 points in the previous session.
Similarly, the NSE Nifty bounced by 30.30 points, or 0.26 percent, at 11,468.40 in opening trade, only to turn flat within the first 15 minutes of the session.
Investors turned cautious as trade war concerns between the US and China rose and a persistent weakness in the rupee became lingering concerns leading to volatility in the market, brokers said. Top gainers include Axis Bank, Infosys, Adani Ports, Sun Pharma, M&M, SBI and Tata Motors, rising up to 2 percent. While, ITC, HUL, Hero MotoCorp, Kotak Bank, Tata Steel, Coal India, TCS and Bajaj Auto were among the top losers, falling up to 2 percent.
Elsewhere in Asia, Hong Kong’s Hang Seng index dropped 0.04 percent while Shanghai Composite gained 0.30 percent in early trade. Japan’s Nikkei, too, was up 1.17 percent. However, the US Dow Jones Industrial Average ended 0.23 percent lower on Monday.
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