Sensex, Nifty tank in early trade dragged by banking stocks; RIL shares down 1%
6 days, 14 hours ago

Sensex, Nifty tank in early trade dragged by banking stocks; RIL shares down 1%

India Today  

Benchmark stock market indices opened lower on Tuesday as it continued its downward trend dragged by a decline in banking and financial sector stocks. The S&P BSE Sensex lost 401.57 points to 81,347.00, while the NSE Nifty50 was down 109.30 points to 24,558.95 as of 9:45 AM. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that globally markets will be looking forward to the FOMC outcome on Wednesday. The sharp spike in India’s trade deficit to $37.8 billion in November will put pressure on the rupee pushing it towards 85 to the dollar.

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