Benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Tuesday. Photo: Mint
- Mumbai: Benchmark indices BSE Sensex and NSE’s Nifty 50 traded cautious on Tuesday amid negative cues from the global markets. The IMF on Tuesday maintained India’s growth forecast for 2018-19 unchanged and called for further tightening of monetary policy. The rupee opened marginally higher against the US dollar, tracking mixed Asian currencies market. Asian shares hit 17-month lows as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. On Wall Street, the tech-heavy Nasdaq had fallen for the third straight day on Monday. Oil prices were little changed as more evidence emerged that crude exports from Iran are declining in the run-up to the reimposition of US sanctions. Here are the latest updates from the markets: