Indian Markets Open Lower; BSE Sensex Down Over 400 Points


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Indian stock markets opened lower on Tuesday. The S&P BSE Sensex dropped 446 points, or 1.66 percent at 26372.92. The Nifty50 fell 2 percent to 8130.50.

The Indian rupee dropped around 40 paise to 67.65 versus the U.S. dollar on Tuesday.

Tata Motors posted a profit of Rs 848 crore for the second quarter, versus a loss of Rs 1,740 crore loss last year. Its consolidated revenue increased 6.94 percent year-over-year to Rs 67,999.7 crore.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) dropped 0.98 percent to close at $43.86 on Monday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) rose 0.16 percent to close at $19.06.

US stock markets closed mostly lower overnight, with the Dow Jones Industrial Average gaining 0.11 percent, the S&P500 index dropping 0.01 per cent, and the Nasdaq Composite falling 0.36 percent.

US WTI crude futures on the NYMEX gained 1.78 percent to trade at $44.72 per barrel.

Top market movers among the BSE index are as follows

  • Bang Overseas Ltd. rose about 13 percent to 25.45 INR.
  • MVL Ltd. rose 12 percent to 0.45 INR.
  • Hotel Rugby Ltd. shares surged 11 percent to 6.00 INR.
  • Corporation Bank shares gained around 11 percent to 46.70 INR.

 

  • MPS Infotecnics Ltd. dropped around 33 percent to 0.10 INR.
  • Rasoya Proteins Ltd. fell around 25 percent to 0.15 INR.
  • Kirloskar Electric Company Ltd. slipped 20 percent to 48.00 INR.
  • PC Jeweller Ltd. shares declined 20 percent to 328.40 INR.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsForexGlobalMarketsIndian stock marketsNifty50S&P BSE Sensex