Market Live: Nifty opens below 11,600, Sensex flat; Asian Paints slips 2%
Gold Update: Gold inched higher on Tuesday, trading just below a more than one-week peak hit in the previous session, as Asian equities eased and the dollar weakened following somber US economic data.
Market Opens: Indian indices are trading flat with negative bias with Nifty opened below 11,600 level.
At 09:17 hrs IST, the Sensex is down 78.46 points at 38,622.07, while Nifty is down 25.50 points at 11579. About 346 shares have advanced, 341 shares declined, and 28 shares are unchanged.
Bharti Airtel, Zee Entertainment, HCL Tech, Wipro, HUL, Britannia Industries are trading with marginal gains, while lowers are Dhanlaxmi Bank, Asian Paints, BPCL, Sun Pharma, Gail, Kotak Mahindra Bank, Tata Motors HCPL and IOC.
Among sectors, auto, bank, energy and pharma are witnessing some selling pressure, while buying seen in the metal and FMCG stocks.
Rupee Opens: The Indian rupee opened marginally higher at 69.59 per dollar on Tuesday versus previous close 69.67.
Market at pre-open: Benchmark indices are trading flat in the pre-opening session.
At 09:02 hrs IST, the Sensex is up 44.78 points at 38745.31, while Nifty is up 3 points at 11607.50
Crude Update: Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and US sanctions on Iran and Venezuela.
US markets end mixed: The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrials as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 2 points or 0.02 percent. Nifty futures were trading around 11,685-level on the Singaporean Exchange.
Asian market trade mixed: Asian shares got off to a subdued start on Tuesday as investors braced for key events later in the week, including the kick-off of the US earnings season and a crucial Brexit summit, while broader concerns over slowing global growth checked sentiment.
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