The Indian stock market roughly shut down on Tuesday (June 10) after an increase in global markets with mixed trends. While the BSE Sensex closed down 53 points, NSE Nifty-50 today closed flat with a slight increase of 1% point. Profit in financial shares due to positive perception on the US-China trade talks and the policy support issued by the Reserve Bank of India limited the lead. The 30-share BSE Sensex today opened up 82,643.73 points today. It climbed to 82,680.79 points during day trading. However, later it was seen trading within a limited range. The Sensex finally closed at 82,391.72 below 53.49 points or 0.06%.
Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened firmly at 25,196.05. Shortly after the opening, it reached an intra-day high of 25,199.30 points. But in the end it rose 1.05 points to close at 25,104. On Monday morning, the market closed up in the fourth consecutive season. The 30 -share BSE Sensex rose 256.22 points or 0.31% to close at 82,445.21. The National Stock Exchange (NSE )’s Nifty-50, 100.15 points or 0.40% closed at 25,103. Global signs saw a slight rise in Asian markets on Tuesday. Investors are monitoring the ongoing trade talks between the US and China, which will continue for the second day. Officials of the two countries met in London on Monday. The meeting was attended by Treasury Secretary Scott Besant, Commerce Secretary Howard Lutynik and business representative Jamison Greer. The Chinese delegation was led by Vice Premier Hey Lifeng.
Vikram Kasat, the chief advisor to PL Capital, says efforts to reduce the US-China tension are welcome. But comprehensive agreement may take time. Investors are also hoping to take concrete steps to reach a permanent agreement with other trading partners. Wall street was mixed on Monday. S&P 500 rose 0.09%, Nasdaq rose 0.31%, while Dow Jones was almost flat and closed with a slight fall.
