Indian benchmark indices close positive despite a day of struggle
The yearly SBI Composite Index for March declined below 50 and was at 49.5, compared with last month index of 51.3; the slow growth in manufacturing was a matter of concern for the traders.
Depreciation in Indian rupee too dampened market sentiments on Tuesday. The rupee depreciated to 66.71 to the dollar largely due to higher demand for dollar from importers.
Tata Power, BHEL, Bosch, Vedanta and Tata Steel were among the top gainers on Tuesday.
The losing pack included Dr Reddy’s Labs, ITC, Tech Mahindra, Adani Ports and HUL.
Image: Wikimedia Commons
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
