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NEW DELHI: Domestic equity markets kicked off Tuesday's session on a negative note following weak global cues.
The BSE Sensex opened 60 points down at 35,717, while the NSE Nifty index started the day at 10654, down 7 points against its previous close.
As many as 31 stocks in the Nifty index were trading lower with Indiabulls Housing Finance dropping 3 per cent.
It was followed by GAIL (down 2.21 per cent), BPCL (down 1.35 per cent), Bajaj Auto (down 1.19 per cent) and Power Grid (down 1.01 per cent).
On the other hand, Adani Ports, UltraTech Cements, Wipro, ICICI Bank and Dr Reddy’s Labs advanced between 0.80 per cent and 3.20 per cent.
Sectorwise, the BSE Oil Gas, Auto, Cosumer Durables and Capital Goods were down between 0.30 per cent and 0.60 per cent, while the BSE TECk and IT index were up 0.08 per cent and 0.05 per cent.
The US markets ended lower on Monday as investors confronted the latest signs that economic malaise in China is crimping corporate profits in the US.
Asian markets were trading mostly in the red on Tuesday on the back of fresh concerns over a slowing Chinese economy and renewed tensions between Washington and Beijing.
Hang Seng, Nikkei and Shanghai were down 0.59 per cent, 0.75 per cent and 0.50 per cent in morning trade.
Bank of Baroda, Bajaj Finance, Bajaj Finserv, HCL Technologies, Axis Bank and HDFC are scheduled to announce their financial results on Tuesday for the quarter ended December 2018.
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Sensex drops 50 points, Nifty tests 10,650 amid weak global cues
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