Sensex opens at negative territory at the start of the new month
After the global market shows the weak sentiment the Indian stock exchange also gets the plague. Due to the absence of significant domestic trigger the Indian equity market showed negative numbers during the opening on Tuesday.
China cuts its targets of economic growth, and the US economy shows the signs of downfall has created significant doubts in the minds of investors. The talks about the US-China trade yet to bear any fruit.
Due to the increasing national debt and ongoing disputes over technology and trade, China has shortened its targets for economic growth which resulted in a set back on Asian shares on Tuesday.
Crude oil prices fall along with rupee’s little gain against the dollar outdo the loss of the market.
The Indian Rupee was trading 6 Paisa higher making the value of single Dollar to be 70.85 Rs.
Indian companies namely Tata Steel, Coal India, and Hero Motor Corp were leading the group of Sensex gainers. On Tuesday we have seen a 1% climb of BSE metal index which resulted in a gain in all the trading components of the index.