Among stocks, HDFC twins are dragging the indices lower, while Tech Mahindra is the top gainer on Nifty after its Q1 results
Market Update: Benchmark indices have further extended their fall from its opening levels, with the Sensex declining over 100 points, while the Nifty is also down over one-third of a percent. Midcaps, on the contrary, are outperforming the benchmarks and trading over 0.2 percent higher.
Among stocks, HDFC twins are dragging the indices lower, while Tech Mahindra is the top gainer on Nifty after its Q1 results.
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The Sensex is down 134.17 points or 0.36% at 37360.23, and while the Nifty is down 38.10 points or 0.34% at 11281.40. The market breadth is narrow as 1038 shares advanced, 936 shares declined, while 112 shares are unchanged.
Market Opens: After closing at record highs in Monday’s trade the benchmarks indices opened lower on Tuesday, with the Nifty trading below 11,300 marks and Sensex below 37,400.
The Sensex is down 100.14 points at 37394.26, and the Nifty down 27.30 points at 11292.20. About 459 shares have advanced, 379 shares declined, and 65 shares are unchanged.
Axis Bank, Tech Mahindra, ONGC, Lupin, Power Grid, Dr. Reddy's Laboratories are up 0.5-1 percent, while HDFC, ICICI Bank, Adani Port, L&T, Tata Steel are among the major losers.
Avenue Supermarts gained 3 percent after reporting stellar June quarter numbers.
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The Sensex is down 100.14 points at 37394.26, and the Nifty down 27.30 points at 11292.20. About 459 shares have advanced, 379 shares declined, and 65 shares are unchanged.
Axis Bank, Tech Mahindra, ONGC, Lupin, Power Grid, Dr. Reddy's Laboratories are up 0.5-1 percent, while HDFC, ICICI Bank, Adani Port, L&T, Tata Steel are among the major losers.
Avenue Supermarts gained 3 percent after reporting stellar June quarter numbers.
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Rupee opens: The Indian rupee opened marginally lower at 68.70 per dollar on Tuesday against previous close 68.67.
The dollar-rupee August contract on the NSE was at 68.88 in the previous session. August contract open interest increased 3.91% in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
The dollar-rupee August contract on the NSE was at 68.88 in the previous session. August contract open interest increased 3.91% in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
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