Market Today LIVE Updates: Sensex slips 200 points in opening deals, Nifty near 12,150; FMCG stocks dip
Share Markets, Rupee, Gold, Commodity Prices Live News Updates: Indices opened lower on Tuesday. (Representational image) Share Market Today Live Updates: The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened lower...
Share Market Today Live Updates: The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened lower on Tuesday, extending their fall for the second straight session after the International Monetary Fund (IMF) revised its 2019 growth forecast for India to 4.8 per cent from its October projection of 6.1 per cent.
At 9:16 am, the S&P BSE Sensex was trading at 41,307.59, down 221.32 points or 0.53 per cent, while the Nifty 50 was slipped 59.60 points or 0.49 per cent to 12,164.95.
Among the sectoral indices, the Nifty FMCG index was down 146.80 points or 0.47 per cent at 31,279.95 during the early trade on Tuesday weighed by Emami, Dabur India and Marico.
For the current calendar year 2020, India saw a sharp 1.2 percentage point cut in its growth forecast to 5.8 per cent, the biggest downward revision for any emerging market, which pulled down global growth forecast.
(with inputs from agencies)
On Monday, the S&P BSE Sensex crashed 416.46 points or 0.99 per cent to settle at 41,528.91, while the Nifty 50 ended at 12,224.55, down 127.80 points or 1.03 per cent. Earlier in the day, the Sensex had climbed 328.50 points to scale a record high of 42,273.87 in the opening deals. The 50-share NSE benchmark also rose 78.15 points to touch a record of 12,430.50.
The losses in the 30-share BSE benchmark was led by oil-to-telecom behemoth RIL which fell 3.08 per cent on Monday. Private banks HDFC Bank (down 1.80 per cent) and Kotak Mahindra Bank (down 4.70 per cent) and information technology (IT) giant Tata Consultancy Services (TCS) (down 2.16 per cent) were the other top contributors to Monday’s fall.