Citi on Tata Power: The company's Q3 net loss is primarily on weak coal business and widening losses for Mundra. It maintained neutral rating on the stock with a target at Rs 77 per share.
Market at open: Benchmark indices started the day on lower side with Nifty trading below 10,650 level.
At 09:16 hrs IST, the Sensex is down 114.76 points at 35541.94, while Nifty is down 41.00 points at 10620.50. About 241 shares have advanced, 397 shares declined, and 34 shares are unchanged.
Adani Port, HCL Tech, UltraTech Cement, are among major gainers on the indices, while losers are Bank of India, Yes Bank, Bajaj Finserv, M&M, Gail, Cipla, Dish TV, Zee Entertainment, Titan and Tata Power.
Rupee Opens: The Indian rupee opened lower at 71.14 per dollar on Tuesday versus previous close 71.10.
Market at pre-open: Indian indices are mixed in the pre-opening session with Nifty trading below 10,650 level.
At 09:03 hrs IST, the Sensex is up 112.55 points or 0.32% at 35769.25, and the Nifty down 13.60 points at 10647.
Tata Steel down 10 percent and Ceat down 5 percent in the pre-opening trade, while Zee Entertainment gained 3 percent.
Wall Street slips: Stocks on Wall Street, down more than 1 percent for most of the session, recouped some losses at the close. The Dow Jones Industrial Average fell 208.98 points, or 0.84 percent, to 24,528.22. The S&P 500 lost 20.91 points, or 0.78 percent, to 2,643.85 and the Nasdaq Composite dropped 79.18 points, or 1.11 percent, to 7,085.69.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 26 points or 0.24 percent. Nifty futures were trading around 10,661.50-level on the Singaporean Exchange.
Asian markets trade lower: Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-US trade deal was dealt a blow after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.
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