The S&P BSE Sensex slipped over 100 points on Tuesday tracking weakness seen in other Asian markets.
The Nifty50 also started on a weak note and broke below its crucial psychological level of 8250.
The shares of Vedanta slipped about 2 per cent ahead of earnings while Hitachi cracked over 1o per cent. HDFC also slipped about 2 per cent post Q2 earnings.The broader markets outperformed the becnhmark indices with the BSE midcap index trading marginally higher by 0.12 per cent while the BSE smallcap index was down 0.05 per cent. Among the sectoral indices, the BSE Metals index was the top laggard, down 1.2 per cent.
The rupee inched 1 paise lower at 64.97 against the US dollar in early trade on Tuesday after home sales data released in the US overnight diminished hopes of a shift in the policy stance by the Federal Reserve in a two-day policy review, beginning later in the day. The domestic currency had depreciated 12 paise to close at 64.96 against the greenback in the previous session, led by dollar buying by domestic banks and importers.
The rupee inched 1 paise lower at 64.97 against the US dollar in early trade on Tuesday after home sales data released in the US overnight diminished hopes of a shift in the policy stance by the Federal Reserve in a two-day policy review, beginning later in the day. The domestic currency had depreciated 12 paise to close at 64.96 against the greenback in the previous session, led by dollar buying by domestic banks and importers.
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