OMCs gain Shares of oil marketing companies such as Indian Oil, HPCL and BPCL have gained the most and holding the market from falling furthere. Take a look at their intraday charts so far.
IT companies fall Shares of IT companies are trading lower as an appreciating rupee is weighing on marquee names such as Infosys and Wipro, among others. Here is a look at ther intraday chart.
Market opens It’s a lower start for the market on Tuesday morning, with benchmarks seeing cuts of around 0.50 percent.
The Sensex is lower by 151.23 points or 0.42% at 36118.84, while the Nifty is down 58.40 points or 0.54% at 10830.00. The market breadth was negative as 203 shares advanced, against a decline of 215 shares, while 34 shares were unchanged.
All sectoral indices are witnessing selling pressure, with maximum cuts seen among banks, information technology, automobiles, and consumption names. In the broader market, the Nifty Midcap index is down around one-third of a percent.
Shares of Coal India, Tata Motors, HPCL and BPCL have gained the most, while Infosys and Wipro are the top losers.
Rupee update The Indian rupee gained in early trade against the dollar. The rupee opened higher by 22 paise at 71.33 as compared to previous day close of 71.55.
Market at pre-open Equity benchmarks have begun on a mixed note on Tuesday morning, with the Nifty trading around 10,850-mark in pre-opening trade.
The Sensex is up 120.41 points or 0.33% at 36390.48, and the Nifty down 15.70 points or 0.14% at 10872.70.
The Indian rupee has opened higher at 71.33/$.
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