The key benchmark indices were seen recouping some of its lintra-day losses on Tuesday in noon trades. The Sensex was stll down 350 points at 61,450-odd level, while the Nifty reclaimed the 18,300-level.
Earlier in the day, the Sensex tumbled to a low of 61,102 tracking heavy losses in Asian peers after Bank of Japan unexpectedly widened the allowable band for long-term yields to 50 basis points (bps) either side from 25 bps earlier. According to reports, the said move will allow long-term interest rates to rise.
Broader markets, too, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 1 per cent each. Volatility gauge, India VIX, meanwhile, climbed over 9 per cent.
All sectors drowned in the sea of red, with Nifty IT, Nifty Media, Nifty Auto, and Nifty Realty indices declining the most, over 1 per cent each.
Among individual stocks, shares of Life Insurance Corporation of India (LIC) gained over 3 per cent to hit an over six-month high of Rs 754.40, in Tuesday’s intra-day trade, in an otherwise weak market. READ MORE
Besides, shares of Dabur India dropped 3 per cent after 1 per cent equity of the personal care products’ company changed hands on the counter. READ MORE
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