Sensex 400 pts lower at 76,900; SMIDs tumble over 2%, Financials, Auto, FMCG, Oil weigh

Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Tuesday, amid mixed global cues as investors assessed the tariffs imposed by US President Donald Trump on Steel and Aluminium imports to the country.

At 10 AM, the BSE Sensex was lower by 241.79 points, or 0.31 per cent, at 77,070.01, and the Nifty 50 was lower at 23,311.25, down 70.35 points, or 0.3 per cent.

Even as US President Donald Trump signed an order on Monday imposing 25 per cent tariffs on steel and aluminium imports to the US, with threats of more tariffs standing in the way, markets around the world discounted worries around them to climb higher.

Tariff threats aside, investors will be keeping a close eye on December quarter results, from companies including Vodafone Idea, and Lupin, among others, along with the continued selling by foreign institutional investors (FIIs).

Also Read: Stock market dance to tunes of FPIs; retail investors out of sync

Separately, Asia Index, a subsidiary of BSE, has launched five new indices — the BSE 1000, BSE Next 500, BSE 250 Microcap, BSE Next 250 Microcap, and BSE 1000 Multicap (equal size weighted). READ MORE

Meanwhile, in the primary markets today, Ajax Engineering IPO (Mainline) and Chandan Healthcare IPO (SME) will enter Day 2 of their suscription window, while Eleganz Interiors IPO (SME) will see its last day of subscription.

Further, in the SME section, the basis of allotment for Solarium Green Energy IPO and Readymix Construction Machinery IPO will get finalised today.