Opening Bell: Markets open lower; rupee weakens amidst strict inflationary curbs by global banks!
On Tuesday morning, the markets opened on a lower note amidst weaker global cues. Asian markets are down, owing to the supply chain disruption caused due to the lockdown restrictions in China.
Also, the US markets fell by 2 per cent as the technology stocks dragged while the US 10- year treasury yield rose to its highest level in the past three years and stood at 2.813 per cent.
The price of crude oil has eased by 2 per cent and is trading at $96.18 per barrel.
Sensex is at 58,495.07, down by 469.50 points 0.80 per cent while Nifty 50 is at 17,515.00, down by 159.95 points or 0.90 per cent since the last trading session.
BSE Midcap was trading at 25,035.55, down by 1.46 per cent while BSE Smallcap was at 29,438.05, down by 1.48 per cent. Similarly, both Nifty Midcap 100, as well as Smallcap 100, tumbled 1.60 per cent & 1.42 per cent to be at 30,905.40 and 10,735.00 levels, respectively.
The Top Gainers on the frontline indices this morning were Maruti Suzuki, HDFC, and Kotak Mahindra Bank.
Likewise, the Top Losers were Coal India, Hindalco Industries, Tata Motors, JSW Steel, Tech Mahindra, Wipro, and SBI.
On BSE, 916 shares have advanced, 1,952 shares declined and 89 shares are unchanged. Also, 170 stocks have hit their upper circuit while 73 stocks have hit the lower circuit.
The top trending stocks on BSE this morning are Adani Enterprises, Adani Ports, Adani Green Energy, Adani Transmission, Indigo Paints, Ruchi Soya, Page Industries, Chambal Fertilisers & Chemicals, and Balrampur Chini Mills.
On the sectoral front, only the power and energy sectors were trading on the higher side.