INSUBCONTINENT EXCLUSIVE:
Sensex, Nifty opened on a lower note on Tuesday.The stock markets opened on a lower note on Tuesday
The SP BSE Sensex opened at 33,935.88 as compared to its previous close of 34,134.38 and the Nifty50 index of the National Stock Exchange
(NSE) started at 10,152.60 against its last close of 10,245.25
In the first few minutes of trade, the 30-share Sensex traded at 33,944.53, down 189.85 points or 0.56 per cent while the Nifty50 at
10,153.85, with a loss of 91.40 points or 0.89 per cent.Losing between 1.71 per cent and 4.60 per cent, Asian Paints, Indiabulls Housing
Finance, Eicher Motors, Yes Bank and Hindustan Petroleum, were the top five drags in the Nifty index.Asian Paints reported 14.4 per cent
fall in second-quarter net profit at Rs
493 crore on Monday.Thirty six out of 50 Nifty stocks traded with losses
All sectoral indices on the NSE traded in the red, led by FMCG, banks and IT stocks.The weakness in the markets is likely to continue for
the next few trading sessions, said Ritesh AsharChief Strategy Officer, KIFS Trade Capital
"Weakness in the market is constantstock-specific volatility can be observed due to earning season
The risks of trade war and rising of dollar and crude prices across global markets show no signs of cooling off
approach by following strict stop losses," said Sameet Chavan, Chief Analyst- Technical Derivatives, Angel Broking Ltd.In the global
markets, MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 per cent
Japan's Nikkei fell 1.25 per cent.On Monday, foreign portfolio investors sold net equities worth Rs 511.91 crore, showed provisional data
