NEW DELHI: Following a bull run that continued for more than a week, the markets on Tuesday opened in the red, weighed down by global cues and concerns among investors regarding Reserve Bank of India's (RBI) policy meet outcome.
30-share BSE
Sensex opened 40 points in the green in the pre-market session, but could not hold on to the gains and slipped more than 100 points in early trade. At 9.29 am, the index was down 71.79 points at 37,422.61.
The broader 50-share NSE
Nifty too was dragging, the index being down 0.25 per cent and testing the 11,300-levels.
Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan's rate review.
Closer home, the
monetary policy committee (MPC) of the RBI will announce its decision on key policy rates on Wednesday. The Street experts are divided on the forecast of the decision, making the investors cautious.
On Tuesday, metal, FMCG and financial services sub-indices were under pressure, losing to the tune of 0.50 per cent each.
Axis Bank, ONGC and NTPC stocks were gaining the most in morning trade.
