INSUBCONTINENT EXCLUSIVE:
Domestic equity indices were steady in opening trade as traders weighed in more bad news from China where a coronavirus epidemic scare has
BSE benchmark Sensex gained 98 points to 41,253, while its NSE counterpart Nifty gained 29 points to 12,148.20
Broader market indices were mixed with Nifty Smallcap gaining 0.18 per cent to 6,358 and Nifty Midcap slipping 0.05 per cent to 18,282
Nifty 500 dipped 0.04 per cent to 9,995
Volatility barometer, India VIX, continued to climb up as it further advanced 1.97 per cent to 17.51
Most sectoral indices were trading in the red on NSE
Nifty Metal was the biggest loser, down 0.66 per cent to 2,692
Nifty Realty, Nifty FMCG and Nifty Bank were other losers on the exchange
Nifty Auto gained 0.17 per cent.
In the 30-share pack Sensex, HDFC gained 2 per cent to Rs 2,443 while M-M added 1.26 per cent to Rs 585
Sun Pharma, Hero Moto and SBI were among other major gainers
Meanwhile, Bharti Airtel slipped 1.07 per cent to Rs 508
Tata Steel, Nestle India and HUL were among other major losers
Globally, Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat a deadly new coronavirus, while
bonds shone on expectations that central banks would need to keep stimulus flowing to offset the likely economic drag.
MSCI's broadest
index of Asia-Pacific shares outside Japan slumped 1 per cent in early Asian trading on Tuesday
Japan's Nikkei was 0.9 per cent down, Australian shares stumbled 1.4 per cent and South Korea's Kospi index skidded 3 per cent.
E-Mini
futures for the S-P 500 reversed some of the losses after slumping 1.6 per cent overnight for their biggest single day percentage loss since
They were last up 0.25 per cent.