The 30-scrip Sensitive Index (Sensex) on Tuesday opened on a negative note during the morning session of the trade. The Sensex of the BSE opened at 59,320.14 which was also the high point.
The Sensex touched a low of 59,127.04 points. On Monday the Sensex closed at 59,299.32 points. The Sensex is trading at 59,243.22 down by 56.1 points or 0.09 per cent.
The broader 50-scrip Nifty at National Stock Exchange (NSE) also opened on a lower note at 17,661.35 points after closing at 17,691.25 points. The Nifty is trading at 17,668.35 points in the morning.
However, Sensex and the Nifty recovered in late-afternoon trade session on the back of positive economic data and hopes of healthy Q3 results. Prior to the rise, the two key indices remained subdued for the better part of the day's trade.
Globally, Asian shares followed a broad sell-off on Wall Street to weaken for a third straight session on Tuesday, as investors feared oil prices hitting multi-year highs would add to inflationary pressures caused by supply chain disruptions.
Sector wise, Oil & Gas, Power and Telecom indices gained the most, whereas Realty and Healthcare indices fell the most. Consequently, the 30-scrip sensitive index traded at 59,692.66 points around 2.40 p.m., up 393.34 points or 0.66 per cent.
Besides, the NSE Nifty50 traded at 17,816 points, up by 124.75 points or 0.71 per cent.
"Nifty opened lower on October 5 and remained in a range for the better part of the morning. After 12.40 p.m., it started to rise. Volumes on the NSE are a bit on the higher side, while the advance decline ratio was sharply in the positive," said Deepak Jasani, Head of Retail Research, HDFC Securities.
"Services sector activity in India continued to remain strong in September despite a small fall from August. According to the monthly IHS Markit India Services Purchasing Managers' Index (PMI) survey, services PMI stood at 55.2 in September, down from 56.7 in August."
According to Gaurav Garg, Head of Research, CapitalVia Global Research: "NSE Nifty is bouncing back after testing its immediate support of 17,452 and this time the 50 stocks index may go beyond 18,000 levels by the end of October 2021."
"India Ratings and Research (Ind-Ra) in its latest report has said that short-term power prices are likely to remain elevated in the near term on account of a continued increase in imported coal prices."
SEBI asks exchanges to make monthly disclosure of complaints
In order to bring about transparency in the Investor Grievance Redressal Mechanism, market regulator SEBI has decided that all the stock exchanges and clearing corporations will now disclose complete data on complaints received against them and the redressals thereof on their websites.
In a circular, the market regulator has said that such disclosures will have to be made by 7th of the succeeding month in proper format that has been circulated to the exchanges.
These disclosure requirements are in addition to those already mandated by SEBI. The provisions of the current circular will come into effect from January 1, 2022, the circular said.
To ensure that the new system is put in place at the earliest, SEBI has asked that it be communicated the status of the implementation of the provisions of this circular through the Monthly Development Report (MDR).
(With inputs from IANS)