Domestic stock markets rose in early deals on Tuesday after a negative start amid volatile trade.
The S-P BSE Sensex index rose as much as128.09 points to touch 39,426.47 in the first few minutes of trade, and the broader NSE Nifty benchmark climbed to as high as 11,714.35, up 52.5 points from the previous close.
Infosys shares locked in the lower circuit at 10 per cent, after the IT major said it hadreceived anonymous whistleblower complaints alleging certain unethical practices.
Equities in other Asian markets madeguarded gains amid optimism about a US-China trade deal.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 per cent while a holiday in Tokyo kept turnover light.Futures for Japan's Nikkei were last seen trading 0.94 per cent lower at 22,760.
South Korean stocks rose 0.9 per cent and Shanghai blue chips were flat.On Friday, the S-P BSE Sensex index had ended 246.32 points - or 0.63 per cent - lower at 39,298.38 and the broader NSE Nifty benchmark settled at 11,661.85, up 75.50 points - or 0.65 per cent - from its previous close, rising for the sixth session in a row.Sensex Falls 261 Points From Day's High; IT Stocks Drag Markets LowerThe Sensex declined as much as 260.88 points from its day's high of 39,426.47to hit 39,165.59 on the downside, and the broader Nifty shed 75.3 points to 11,639.05 from its intraday high of 11,714.35.
Losses in IT stocks - led by the sharp fall in Infosys shares - offset gains in banking and energy sectors.Sensex Opens 65 Points Lower At 39,233, Nifty Starts Day At 11,657The S-P BSE Sensex index opened 64.98 points lower at 39,233.40whereas the broader NSE Nifty started the session at 11,657.15, down 4.7points from its previous close.At 9:18 am, the Sensex traded 35.67 points - or 0.09 per cent - higher at 39,334.05 while the Nifty was up 12.80 points - or 0.11 per cent - at 11,674.65.Sensex, Nifty Fall In Pre-Open MarketThe S-P BSE Sensex index declined as much as0.41 per cent - or 160.22 points - to 39,138.16 in the pre-opening session.
At 9:03 am, the Sensex was down 146.37 points - or 0.37 per cent - at 39,152.01 and the broader National Stock Exchange (NSE) Nifty index was down 3.25 points (0.03 per cent) at 11,658.60.Markets Remained Closed On Monday For Maharashtra Assembly Polls Sensex, Nifty Are Up Nearly 4% In Six Straight Days Of GainThe S-P BSE Sensex index has gained as much as 3.74 per cent - or 1,417.98 - in past six sessions -- the longest winning streak for the index since March 22.
The broader NSE Nifty benchmark has risen 427.30 points during this period, clocking a gain of 3.80 per cent.Asian Share Markets Register Mild GainsEquities in other Asian markets madeguarded gains amid optimism about a US-China trade deal.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 per cent while a holiday in Tokyo kept turnover light.Futures for Japan's Nikkei were last seen trading 0.94 per cent lower at 22,760.
South Korean stocks rose 0.9 per cent and Shanghai blue chips were flat.All Eyes On Infosys Share PriceInfosys shares will be in focus, a day after the IT major said it hadreceived anonymous whistleblower complaints alleging certain unethical practices."These have been placed before the Audit Committee as per the Company's practice and will be dealt with in accordance with the Company's whistleblower policy," Infosys said in a regulatory filing on Monday.SGX Nifty Futures Indicate Lower Start For Domestic MarketsDomestic stock markets are likely to start Tuesday's session on a lower note.
At 8:28 am, the Singapore Exchange (SGX) Nifty futures traded 58.00 points - or 0.50 per cent - lower at 11,640.50.
The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE)'s Nifty index in India.