Global stock markets fell on Tuesday as investors locked in profits from a strong recent run, with analysts saying that equity valuations had started to look too optimistic, prompting a reality check.
Asian shares posted gains on Monday and the euro rose to four-month highs, as EU leaders appeared to make some headway after three days of haggling on a plan to revive their economies, even as coronavirus cases increased in many countries.
The NSE Nifty 50 index rose 0.95% to 11,126.3 by 0504 GMT, while the benchmark S&P BSE Sensex was up 0.99% at 37,791.24, after hitting their highest levels since March 5 in early trade.
The key Nikkei 225 index fell 0.58 per cent, or 132.61 points, to end at 22,751.61 while the broader Topix index lost 0.62 per cent, or 9.78 points, to 1,572.96.
The blue-chip FTSE 100 was up 1.3%, with fewer than 10 stocks in the red in early trading, while the mid-cap FTSE 250 added 1.0%, led by the auto, personal goods and mining sectors.
The benchmark Nikkei share average slipped 0.87% to close at 22,587.01 while the broader market, Topix fell 0.5% to 1,565.15.
The dollar was marginally higher in narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in risk appetite.
London-listed stocks snapped two straight sessions of gains on Tuesday as fears of another wave of the COVID-19 pandemic overshadowed signs of a tentative economic recovery in May.
London's benchmark FTSE 100 index of major blue-chip companies rose 0.3 per cent to 6,225.61 points compared with the closing level on Wednesday.