NEW DELHI: Equity investors are in no mood to relent in their selling spree as
Sensex and
Nifty once again opened with heavy losses on Tuesday.
The 30-share BSE index was slightly higher, gaining 45 points, at the opening bell but started slipping almost immediately and lost 200 points within first 15 minutes of trading. At 9.40 am, the gauge was sown 196.90 points at 36,108.12.
The broader 50-share NSE Nifty cracked below another key mark -- that of 10,900 points -- losing more than half a per cent in morning trade.
The markets have been under pressure over the last week due to a host of domestic and global cues. The virtual calling off of US-China trade talks and forecast of
Brent crude oil rising to as much a $100 per barrel has hit investor sentiments most recently on the global front.
Closer home, a weakening
rupee and widening current account deficit were already haunting the Street. The debt repayment default of IL&FS and the resulting tremor in the finance and banking sector has only added to the woes.
All sectoral sub-indices with the exception of IT and pharma were losing in excess of 1 per cent in Tuesday's early trading.
