The Indian equity benchmark declined Tuesday despite a positive start as the shares were dragged by financials. Auto, oil & gas, and PSU Bank shares kept the indices from plunging.
Globally, the stocks were boosted by a $1 trillion US infrastructure bill and held the line close to all-time highs.
The pan-European STOXX opened flat but just a whisker from the record high hit last week. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.26 percent.
US stock futures were broadly unchanged after Wall Street’s benchmark S&P 500 index and the Nasdaq extended their run of all-time closing highs to eight straight sessions.
Market analysts are, however, eager to get their hands on US consumer prices data Wednesday as a stronger than expected reading would rekindle talk of the Federal Reserve raising interest rates earlier than expected.
Elsewhere in cryptocurrencies, bitcoin hit a new record and held close to it at about $68,000.
Oil prices were slightly up as the passage of the US infrastructure bill and China’s export growth supported the outlook for energy demand. Saudi Arabia’s state-owned producer Aramco also raised the official selling price for its crude.
US crude ticked up 0.59 percent to $82.4 a barrel. Brent crude rose 0.46 percent to $83.31 per barrel. Spot gold was slightly down at $1,823 per ounce.
(With inputs from Reuters)
(Edited by : Yashi Gupta)
