Equity markets fall in early trade after 6-day rally
Mumbai (PTI): Benchmark indices Sensex and Nifty declined in early trade on Tuesday due to emergence of profit-taking in-tandem with a weak trend in global equity markets.
The 30-share BSE Sensex declined 292.95 points to 84,658 in early trade. The 50-share NSE Nifty dropped 83.3 points to 25,930.15.
From the Sensex firms, Tata Steel, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Kotak Mahindra Bank, and Larsen & Toubro were among the major laggards.
However, Bharat Electronics, Bharti Airtel, Axis Bank, and Adani Ports were among the gainers.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index, and Hong Kong's Hang Seng index were trading sharply lower.
US markets ended in negative territory on Monday.
"Tuesday may bring pockets of volatility due to weekly F&O expiry and soft global cues, yet the broader tone stays constructive, buoyed by political stability, cooling inflation, soft crude, trade-deal optimism and FII buying," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The first phase of the proposed India-US bilateral trade agreement (BTA) is "nearing closure" and would address the hefty 50 per cent tariffs imposed by the Trump administration on Indian goods, in addition to resolving America's market access issues, a government official said on Monday.
The US has imposed a 25 per cent reciprocal tariff and another 25 per cent on Indian goods entering American markets for buying Russian crude oil.
Foreign Institutional Investors (FIIs) bought equities worth Rs 442.17 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs) also bought stocks worth Rs 1,465.86 crore in the previous trade.
Brent crude, the global oil benchmark, dipped 0.47 per cent to USD 63.90 per barrel.
Rallying for the sixth consecutive day on Monday, the Sensex climbed 388.17 points, or 0.46 per cent, to close at 84,950.95. The Nifty edged higher by 103.40 points, or 0.40 per cent, to settle at 26,013.45.
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Bondi Beach shooting: EAM Jaishankar speaks to Australia's Wong
New Delhi (PTI): External Affairs Minister S Jaishankar on Monday conveyed to his Australian counterpart Penny Wong India's "fullest support" to Australia in the wake of a deadly shooting incident at the iconic Bondi Beach targeting a Jewish celebration that left 15 people dead.
In a phone conversation with Wong, Jaishankar also condoled the death of innocent people in the attack.
"Just spoke to Australian Foreign Minister @SenatorWong.Conveyed our deepest condolences about the Bondi Beach terrorist attack and offered our fullest support," he said on social media.
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Fifteen people were killed and over 40 others injured in the attack by two gunmen on Sunday, according to Australian authorities.
Hours after the incident, Jaishankar condemned the terror attack.
Condemn in the strongest terms the terror attack on Hanukkah celebrations in Bondi Beach, he said on Sunday.
"Our thoughts are with the victims and their families," he said.
Australian Prime Minister Anthony Albanese described the attack as a "dark moment" for the country.
"This is a targeted attack on Jewish Australians on the first day of Hanukkah, which should be a day of joy, a celebration of faith," he told reporters.
"At this dark moment for our nation, our police and security agencies are working to determine anyone associated with this outrage," he said.
The shooting at Bondi followed a wave of antisemitic attacks in the country.
The attackers were identified as father and son duo of Sajid Akram and Naveed Akram. The father was shot dead by police while the son sustained injuries and he is undergoing treatment at a hospital.
Prime Minister Narendra Modi was among the world leaders who condemned the attack.
"Strongly condemn the ghastly terrorist attack carried out today at Bondi Beach, Australia, targeting people celebrating the first day of the Jewish festival of Hanukkah," Modi said on X on Sunday.
"On behalf of the people of India, I extend my sincere condolences to the families who lost their loved ones. We stand in solidarity with the people of Australia in this hour of grief," he said.
The prime minister said India has zero tolerance towards terrorism and supports the fight against all forms of terrorism.
