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Share Market LIVE: Sensex, Nifty stare at cautious start; FM rules out cut in excise duty on petrol, diesel

Share Market Today, Share Market LiveShare Market Today, Share Market LiveSGX Nifty was down 7 points at 16,556 on Singaporean Exchange.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a cautious start on Tuesday. SGX Nifty was down 7 points at 16,556 on Singaporean Exchange. In the previous session, S&P BSE Sensex closed at 55,582, gaining 0.26 per cent. NSE Nifty 50 closed at 16,563, up 0.21 per cent. Asian stock markets were trading mostly lower in early trade on Tuesday, even as Dow Jones Industrial Average and S&P 500 posted record closing highs. Japan’s Nikkei 225 gained 0.18 per cent while the Topix index slipped marginally. South Korea’s Kospi fell over half a per cent. In overnight trade on Wall Street, the Dow jumped 110.02 points to 35,625.40 and the S&P 500 gained 0.26% to 4,479.71. While Nasdaq Composite fell 0.2 per cent to 14,793.76.

Finance Minister Nirmala Sitharaman on Monday ruled out a cut in excise duty on petrol and diesel to ease prices, which have touched an all-time high, saying payments in lieu of past subsidised fuel pose limitations. Petrol and diesel as well as cooking gas and kerosene were sold at subsidised rates during the previous Congress-led UPA government.

Finance Minister Nirmala Sitharaman on Monday ruled out a cut in excise duty on petrol and diesel to ease prices, which have touched an all-time high, saying payments in lieu of past subsidised fuel pose limitations. Petrol and diesel as well as cooking gas and kerosene were sold at subsidised rates during the previous Congress-led UPA government.

In overnight trade on Wall Street, the Dow jumped 110.02 points to 35,625.40 and the S&P 500 gained 0.26% to 4,479.71. While Nasdaq Composite fell 0.2 per cent to 14,793.76.

Asian stock markets were trading mostly lower in early trade on Tuesday, even as Dow Jones Industrial Average and S&P 500 posted record closing highs. Japan’s Nikkei 225 gained 0.18 per cent while the Topix index slipped marginally. South Korea’s Kospi fell over half a per cent. 

Finance minister Nirmala Sitharaman on Monday made it clear that the government won’t trim capital expenditure from the budgeted level even towards the end of the fiscal, as was customary earlier, as it banks on spending having high multiplier effect to reverse a Covid-induced slump in growth.

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Zomato has invested about $100 million in Grofers. Documents sourced from business intelligence platform Tofler showed that the Gurgaon-based food delivery firm has infused around $70 million (Rs 518 crore) into Grofers India and another $30 million (Rs 223 crore) in the e-grocer’s wholesale entity Hands On Trades.

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