BSE, NSE back in green on profit booking, global cues

The BSE and National Stock Exchange edged back into the green territory as Asian markets did a turnaround amid Democratic nominee Hillary Clinton and Republican nominee Donald Trump battling it out in the first US Presidential debate that went underway on Tuesday morning. 

The BSE and NSE had tanked 374 points and 108.50 points, respectively, on Monday as investors remained wary of betting their money ahead of the crucial debate. 

Opinion polls have shown the two candidates in a very tight race, with the latest Reuters/Ipsos polling showing Clinton ahead by 4 percentage points, with 41% of likely voters, a Reuters report said.

"MSCI's broadest index of Asia-Pacific shares outside Japan bounced to be up 0.2%, while South Korea and Shanghai inched higher. Japan's Nikkei more than halved its losses and was down 0.4% by late morning, while the US dollar edged up to 100.74 yen from a low of around 100.08. EMini ​futures for the S&P 500 also recouped all its losses to trade 0.5% firmer," it added. 

Domestic investors also picked up shares at lower levels which pushed the indices higher in early trade. 

In early trade on Tuesday, the BSE was trading at 28,373.02, up 78.74 points or 0.28% from Monday's close. The NSE, at the time, was at 8759.75, up 36.70 or 0.42%.

The gainers on the BSE included Shriram City Union Finance up 6.49%, Amtek Auto 3.53%, IIFL 2.76%, IRB 2.73%. The top losers on the 30-share benchmark Sensex were Just Dial down 1.12%, Redington 0.85%, Dena Bank 0.80%, Idea Cellular 0.75%.