RTTNews - The Indian market is showing volatility on Tuesday after witnessing a historic 17% rise in the previous session. While hopes of further reforms and favorable cues are keeping underlying sentiment upbeat, there is considerable amount of profit taking.
After opening higher at 14,758, the BSE Sensex slipped into the red within a few minutes and touched a low of 13,834 in early trading. However, the index has since then recouped all its loss and is now trading in positive terrain at 14,430, up 152 points or 1.07%. The S&P CNX Nifty is also trading in the green at 4,331, up 0.18%.
Second-line stocks have also recouped their early losses and are now trading firm. Sector-wise, the realty index is surging up 6.48%, the capital goods index is jumping 6.12% and the banking index is up around 5.2%. Auto and metal stocks are also showing notable gains, but IT, FMCG, and healthcare stocks are coming under significant selling pressure. The IT index is showing a sharp 7% loss.
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