The benchmark BSE Sensex and NSE Nifty open lower on Tuesday’s opening trade. At 10.30 am, the S&P BSE Sensex was trading down 160.98 points or 0.53% at 30,409.99 while the Nifty-50 index was trading down 52.35 points or 0.55% at 9,385.90. Broader market seen major selling pressure. There were nearly eight losers against each gainer on BSE. 1958 shares declined and 245 shares advanced and a total of 53 shares were unchanged.
The shares of Hindustan Unilever, Infosys and TCS rise, whereas the shares of Videocon Industries, Sun Pharma, Cipla and Gail fall in opening trade on the BSE. Most metal shares fall, while Telecom shares fell. Tata Teleservices Ltd went down 1.3%, Reliance Communications down 6.88% Idea Cellular fall 1.03% , MTNL shed 4.3% and Bharti Airtel edged lower by 0.08%.
Meanwhile, price of copper went lower in global commodities markets. Fine Grade Copper for July 2017 delivery was presently down 0.40 percent at 2.585 dollar per pound on the COMEX.
The Indian rupee opened at 64.65/dollar in the morning hours. It was trading at 64.70, down 0.2 percent from its previous close of 64.55, while Asian currencies have been trading lower.
The ten-year bond yield was trading at 6.679 percent with reference to its previous close of 6.667 percent. Meantime prices of Gold gained ground with session ending at Rs 28,781 per 10 grams.
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