Equity indices largely steady in early trade after a storm

After a bloodbath the previous day, benchmark equity indices traded largely steady in early trade on Tuesday.

At 9.30 a.m., Sensex was at 57,195 points, up 0.05 percent, whereas Nifty was at 17,212 points, up 0.2 percent.

On Monday, both indices declined 2 percent each.

A rise in inflation, as well as a fresh spike in global crude oil prices, seemed to have dented investors’ sentiment.

As a result of which investors have shredded around Rs 2.5 trillion from their portfolio cumulatively.