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Share market news today | Sensex, Nifty, LIVE Stock Quotes: National stock market benchmarks BSE Sensex and NSE Nifty 50 started Tuesday with a gap lower, as suggested by SGX Nifty in early trading. The nifty futures were trading at 108.50 points or 0.7% lower at 16,090 on the Singapore exchange. In the previous session, the S&P BSE Sensex lost 87 points or 0.16% to 54,395, while the NSE Nifty 50 stood at 16,216, down 4 points. Asian stock markets were trading in early trading on Tuesday after Wall Street ended lower ahead of economic data and earnings. Japan’s Nikkei 225 fell 1.54%, while the Topix index fell 1.36%. On Wall Street, the Dow Jones Industrial Average lost 164.31 points, or 0.52%, the S&P 500 slipped 1.15% to 3,854.43 and the Nasdaq Composite lost 2.26% to 11,372. ,60.
The Reserve Bank of India (RBI) has established a mechanism whereby final settlement of export and import payments by Indian traders can be made in Rupees. Apart from helping to curb the demand for foreign exchange and thereby supporting the Indian currency, the move will also facilitate unhindered trade with sanctions-hit Russia and trouble-torn Sri Lanka.
MARKET HIGHLIGHTS: Sensex ends 86 points lower, Nifty at 16216; TCS drops 5%, Reliance, ICICI Bank in the lead
Monetization of RPower assets: 99.88% of institutional investors vote against the plan
HCL Technologies, Star Health, Eureka Forbes, HFCL, Coal India, SBI, Paytm, Delta Corp shares in brief
New mechanism to stem the fall of the national currency: the RBI allows exporters to settle their trade in rupees
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