INSUBCONTINENT EXCLUSIVE:
Stock Market on Tuesday: MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2%.The domestic equity markets swung
between gains and losses on Tuesday ahead of the scheduled meeting of the Finance Minister Arun Jaitley with the chiefs of public sector
In early trade, the SP BSE Sensex fell 240.92 points to 36,064.10 and Nifty50 lost 84.55 points to touch its day's low at 10,882.85 level
However, by 11 am, the markets recouped their losses to firmly trade in the green
At 11:03 am, the 30-share Sensex traded at 36,538.25, up 233.23 points or 0.64 per cent and the 50-share Nifty was at 11,026.45, with a gain
of 59.05 points or 0.54 per cent.The top five Sensex gainers were Yes Bank, Axis Bank, Sun Pharma, Asian Paints and Maruti Suzuki, which
were up between 2.47 per cent - 4.13 per cent.Twenty eight out of 50 Nifty stocks gained in trade.Barring Nifty Realty index, all sectoral
indices of the NSE traded in the green, led by pharma, banks, auto and IT stocks.Mr Jaitley will meet the heads of public sector banks to
review their performance and take stock of the sector reeling under non-performing assets and scams.The Reserve Bank of India said on Monday
that it would buy Rs 10,000 crore ($1.38 billion) of government bonds in an open market operation, amid efforts by authorities to reassure
investors over a brewing debt crisis in the non-banking financial sector (NBFC).On Monday, foreign portfolio investors sold net equities of
Rs 523.94 crore while domestic institutional investors purchased net shares of Rs 1,527.67 crore, according to provisional data from the NSE
struggled on Tuesday as a fresh round of US-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to
global growth, according to a report by news agency Reuters.MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 per
But Japan's Nikkei bucked the trend and edged up nearly 0.2 per cent
