Nifty above 10,200, Sensex down 100 pts; OMCs stock under pressure
Market Opens: Benchmark indices open lower on Tuesday with Sensex is down over 100 points, while Nifty is holding above 10,200.
At 09:16 hrs IST, the Sensex is down 103.45 points or 0.30% at 33963.95, and the Nifty down 39.40 points or 0.38% at 10211.50.
Tata Motors, Hindalco, Gail, Yes Bank, HCl Tech, IndusInd Bank, Asia, Paints are the major gainers on the indices. Oil marketing copnies HPCL, BPCl, IOC are trading lower by 1.3 percent.
Asia trades lower: Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the US-China trade war and were on track for their biggest October decline since the 2008 financial crisis.
SGX Nifty: Trends on SGX Nifty indicate a gap down opening for the broader index in India, a fall of 55 points or 0.54 percent. Nifty futures were trading around 10,221-level on the Singaporean Exchange.
Stocks in the news: BPCL, Just Dial, Union Bank, HDFC AMC, Airtel, Man Industries