The BSE Sensex and NSE Nifty opened in red on Tuesday tracking weak global cues. Sensex opened 27.31 points down at 26,094.09. Nifty opened 37.60 points down at 7,877.60.
Asian shares slipped to one-month lows on Tuesday as the spectre of higher borrowing costs in the United States and slower global economic growth prompted investors to trim their exposure to riskier assets. Hang Seng, Nikkei and Shanghai were down 1.31 per cent, 0.59 per cent and 0.60 per cent, respectively.
The BSE Sensex staged a spectacular recovery from over 600-point deficit logged in early trade on Monday, but settled 144 points lower at 26,121.40 on BJP-led NDA’s defeat in Bihar assembly polls.
Indian rupee extending it weakness for the third straight day on Monday depreciated substantially against dollar on strong demand for American currency from banks and importers, amid sharp surge in dollar globally on data showing a stronger-than-expected rise in US non-farm payrolls in October. Besides, sell-off in the equity market also hit the rupee sentiment. The Indian rupee slumped to over 1-month low. This is the lowest level of the rupee since September 16 when it had hit 66.51. Finally, the rupee ended at 66.44, 68 paise weaker from its previous close of 65.76 on Friday.
The 30-share index was trading at 25,995, down 125 points or 0.48 per cent. It touched a high of 26,094.09 and a low of 25,987.13 in morning trade.
The Nifty50 was at 7,871, down 43 points or 0.55 per cent. It touched a high of 7,885.10 and a low of 7,868.95 in the first 30 minutes of trade.
The S&P BSE Midcap Index was down 0.14 per cent and BSE S&P Smallcap Index was trading 0.28 per cent higher.
Sun Pharma (up 0.54 per cent), Maruti Suzuki (up 0.53 per cent) ..