Market breadth favoured declines Domestic stock markets recovered early losses on Tuesday amid choppy trade, with the SP BSE adding 150 points.
The NSE Nifty rose as much as 33.75 points to touch 11,638.25, while the 30-scrip benchmark advanced to 38,850.66, up 150.13 points from the previous close.
Both the indexes changed direction multiple times, with the Sensex gaining as much as 230.57 points from the intraday low 38,620.09 registered in early trade.
Meanwhile, the rupee weakened to as much as 69.73 against the dollar in intraday trade.
Here are 10 things to know:Buying in information technology and fast-moving consumer goods stocks pushed the markets higher, however the upside was limited due to selling in energy and state-run banking stocks such as Punjab National Bank (PNB).At 10:02 am, the SP BSE Sensex traded 120.05 points, or 0.31 per cent, higher at 38,820.58 and the NSE Nifty was at 11,627.70, up 23.20 points from the previous close.On the 50-scrip index, top gainers at the time were HCL Tech, Wipro, Tata Motors, Zee Entertainment and ICICI Bank, trading between 1.07 per cent and 2.76 per cent higher.Market breadth, however, favoured declines, with949 stocks trading lower on the National Stock Exchange (NSE), as against639 moving higher.Caution prevailed as investors awaited key macroeconomic data and the start of the earnings season due later this week, say analysts.The government is slated to release macroeconomic data such as consumer inflation and industrial production on Friday.Friday will also mark the release of earnings by IT majors Tata Consultancy Services (TCS) and Infosys.On the other hand, Indiabulls Housing Finance, Asian Paints, Bharti Airtel, GAIL and Adani Ports - trading between 0.88 per cent and 2.78 per cent lower - were the top laggards on the Nifty.Investors in other Asian markets braced for key events later in the week, including the start of the US earnings season and a crucial Brexit summit, while broader concerns about slowing global growth checked sentiment.MSCI's broadest index of Asia-Pacific shares outside Japan was basically flat after brushing its highest since late August last year during the previous session.
Japan's Nikkei dipped 0.15 per cent.(With inputs from Reuters)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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