Worries over slowing economy and rising interest rates supported by soaring inflation kept on haunting the global market. The benchmark indices ended lower in the volatile session with Nifty slipping below 16,150. 

BSE Smallcap index underperformed broader markets by closing at 25,883.85 with losses of 1.14 per cent.

BSE Sensex closed with a loss today, falling by 236 points to close at 54,052 levels.

Nifty witnessed selling pressure towards the end as it tumbled below the 16,150-mark to close at 16,125.15.

Venus Pipes & Tubes has a great start after listing as the scrip hit the upper circuit of 5%. The issue price range of the IPO was Rs 310- 326. Currently, the trading has been halted at Rs 351.75. It has rewarded its shareholders by listing at a premium of 7.9 per cent from the higher end of the issue price range.

Olectra Greentech, Zomato and CarTrade Tech Ltd are today's mid-day movers.

Aside from the other systematic and unsystematic risks, investing in a mutual fund entails fund manager risk. In this post, we talk about fund manager risk and the steps to resolve it.

 Around noon on Tuesday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally higher amidst mixed global cues.The Asia Pacific markets dipped as the US president announced tariff cuts on Chinese goods. 

On Tuesday, Indian markets opened in the red amid considerable volatility, owing to mixed global cues. Nifty Bank, auto, and public sector undertakings gained ground. On Sensex, FMCG was down by 0.89 per cent, IT plunged 1.29 per cent and healthcare slipped 0.83 per cent while all other indices were somewhat higher. 

In a series of steps taken by the government of India, it announced the levy of Export Duty on Pellets Nil to 45 per cent and increased the duty on Iron Ore lumps from 30 per cent to 58 per cent. Also, an Export Duty of 15 per cent was announced on export of Pig Iron.