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U.S. stocks fell on Tuesday, snapping a two-session winning streak, due to caution ahead of the Federal Reserve's monetary policy decision and concerns over President Trump's tariff policies. Key indices saw declines with the Dow down 260.32 points, the S&P 500 losing 60.46 points, and the Nasdaq dropping 304.55 points.
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Shares in Japan and South Korea rose, while Australian equities slipped. Contracts for US stocks inched higher after benchmarks slid on Tuesday. Investors have slashed holdings of US equities by the most on record while cash levels jumped, according to Bank of America Corp.s latest survey.
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According to sources familiar with the matter, the Securities and Exchange Board of India has held back its green light for the much-awaited public issues so far, as share sales by these companies could have inadvertently ended up violating rules that govern unlisted companies.
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The NSE Nifty surged 325.55 points, or 1.45%, to close at 22,834.30. The BSE Sensex rose 1131.31 points, or 1.53%, to end at 75,301.26. Both indices have risen about 2% in the last two days.
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Foreign Institutional Investors (FIIs) bought Indian equities worth 694.57 crore on Tuesday, their first net purchase since February 19. Along with Domestic Institutional Investors (DIIs) buying 2,534.75 crore, this institutional inflow boosted Nifty and Sensex, which closed with significant gains.
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News and Media
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