The equity benchmark indices opened Tuesday’s session on a lower note. The Sensex index of the Bombay Stock Exchange (BSE) opened lower at 33,935.88 in comparison to its previous close of 34,134.38 while the NSE Nifty50 started at 10,152.60 as compared to its last close of 10,245.25.
Just after the opening trade, the S&P BSE Sensex plunged 189.85 points or 0.56% at 33,944.53 and the NSE Nifty fell 91.40 points or 0.89% to trade at 10,153.85.
Indiabulls Housing Finance, Yes Bank, Asian Paints, Eicher Motors and Hindustan Petroleum, losing between 1.71% and 4.60%, were the top five laggards in the NSE Nifty pack.
The Chief Strategy Officer of KIFS Trade Capital, Ritesh Ashar said that the weakness in markets is expected to continue for the next few trading sessions.
Ritesh Ashar said, “Weakness in the market is constant…stock-specific volatility can be observed due to earning season. The risks of trade war and rising of crude prices and dollar across global markets show no signs of cooling off. Bears are having a better grip on the markets.”