Sensex halts global sentiment rally, slips by 90 points

On account of dollar regaining its lost ground in early forex trade and rupee again breaking the psychological 70 mark, the Indian sensitive index slipped 90 points in early trading session on Tuesday. The BSE Sensex was at 35,781, low by near 70 points from its Monday close and Nifty 10,740.4 levels, low by 27 points from its Monday close. Banking sector stocks were the major beneficiary of this rise in Indian markets.

On Monday, Nifty had closed 44.45 points up at 10,771.8 while Sensex closed 155.06 points northward at 35,850.16. In last one week trading session both Nifty and Sensex have shed more than one percent. So, the rise has sparked bull run at the Indian index again.

Asian shares too rose for the third straight session on Tuesday as investors bet that Washington and Beijing are inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.

Japan's Nikkei rose 1.0 percent while MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent.

On Wall Street, the S&P 500 gained 0.7 percent on Monday following 3.4 percent surge on Friday, with Amazon.com Inc and Netflix leading the rally.
In the forex market, dollar had regained its lost ground yesterday by near 0.2 percent.