Business

In the sectoral landscape, only metal and private banking stocks traded in the green.The domestic stock markets traded from negative-to-flat in a volatile session on Tuesday despite positive macro-economic data.

At 12:00 pm, the SP BSE Sensex traded at 34,827.37, up 14.38 points or 0.04 per cent while the broader Nifty was at 10,495.60, with a gain of 13.40 points or 0.13 per cent.

Twenty eight out of 50 Nifty stocks traded in the green.

Gaining between 1.72 per cent and 4.85 per cent, Indian Oil, Hindustan Petroleum, Bharat Petroleum, Eicher Motors, UltraTech Cement.In the sectoral landscape, only metal and private banking stocks traded in the green.

IT stocks were in the red as the rupee recovered by 29 paise against the dollar in early trade.Experts, however, believe that bulls have a hold in the session.

"Both global as well as domestic cues have affirmative signals for today's trading session.

Oil prices fell as well as Rupee is getting a positive momentum and on the macro front there was a good news regarding growth in India's industrial production to 4.5% in September from 4.3% in August.

Overall bulls will have a higher grip in today's market," said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital.Asian shares skidded, pressured by a tech rout on Wall Street and a slump in oil prices, while political risks in Europe buoyed the dollar as investors dumped riskier assets, reported news agency Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.4 per cent to a one-and-a-half- week low.In overnight trade, Wall Street's major indexes tumbled as shares of Apple Inc and Goldman Sachs Group Inc dragged down the technology and financial sectors.

The Dow Jones Industrial Average fell 602.12 points, or 2.32 per cent, to 25,387.18, the SP 500 lost 54.79 points, or 1.97 per cent, to 2,726.22 and the Nasdaq Composite dropped 206.03 points, or 2.78 per cent, to 7,200.87.On Monday, consumer inflation stood at a 13-month low of 3.31 per cent in October against 3.70 per cent in September.

Growth in industrial production - or factory activity - stood at 4.5 per cent against the upwardly revised October growth of 4.7 per cent.The Sensex had closed 345 points lower at 34,812 and the Nifty at 10,482, down 103 points.





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