The Bank Nifty index opened 56 points lower at 51,383.25.
The stock market opened flat on Tuesday amid global cues. The NSE Nifty 50 opened 0.04% higher at 25,288.70 while the BSE Sensex opened 9.80 points or 0.01% lower at 82,550. The broader indices opened in the green. The Bank Nifty index opened 56 points lower at 51,383.25. Hindalco Industries, Coal India, Shriram Finance, Cipla and ONGC were among the major gainers on the Nifty while Grasim Industries, Kotak Mahindra Bank, Dr Reddy’s Labs, Coal India and Asian Paints were among the losers.
Investors’ Trend
According to provisional data available on the National Stock Exchange (NSE), foreign institutional investors (FIIs) bought shares worth Rs 1,735.46 crore on September 2, 2024, while domestic institutional investors (DIIs) bought shares worth Rs 356.37 crore. NSE added Balrampur Chini Mills and Hindustan Copper to the F&O ban on September 3, 2024. According to the news, Brent crude oil is trading near $ 77 per barrel. The price of gold has also gone below $ 2500 per ounce.
Asian markets on Tuesday morning
According to Livemint, stocks in the Asia-Pacific region are trading in mixed territory on Tuesday morning. Asia Dow is up 0.48%, while Japan’s Nikkei 225 is trading in the green with a gain of 0.67%. Similarly, South Korea’s KOSPI index is also up 0.12%. However, China’s benchmark Shanghai Composite index is slightly down, trading in the red with a marginal decline of 0.01%.
ICICI Bank stepped away
ICICI Bank has denied Congress’ allegations that Securities and Exchange Board of India (SEBI) Chairperson Madhavi Puri Buch continued to receive salary from the bank while working as a full-time member of the regulatory body. The bank said that we have not paid her any money. In another incident, the Securities and Exchange Board of India (SEBI) has ‘stopped’ the proposed initial public offering of JSW Cement, according to information on the capital market regulator’s website.
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