The Indian markets opened in the red on Tuesday amid higher retail inflation data and weak global cues coupled with Omicron virus scare, which has been making the markets across the world jittery.

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Domestic equity benchmarks Nifty50 and Sensex opened at 17,283.20 and 58,059.76 respectively on Tuesday.

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Financial and tech shares were the top drags as Bajaj Finance, HDFC, Infosys, Kotak Bank and HCL tech declined the most. Powergrid, ITC, Cipla, Dr Reddy's and Divis Labs surged the most in otherwise negative market.

The 12-share Bank Nifty corrected by over 250 points to open at 36,778.95

In the pre-open, the Sensex started flat as 15 shares advanced, 14 declined and one remain unchanged. However, the 30-share index declined soon by 86.13 or 0.15 percent.

Earlier, SGX Nifty Futures hinted at a negative opening for the markets as the index traded lower by 150 points in the morning trade.

Meanwhile, Asian markets started Tuesday on a weaker note, while all the major US indices also closed in the red on Monday.

Around 7.30 am on Tuesday morning, Nikkei 225 was trading down by 0.18%, Hang Seng Index was trading lower by 0.17% and Shanghai Composite was down by 0.43%.