Indian shares were flat to slightly lower on Tuesday after recent string of losses amid concerns over the ongoing Russia-Ukraine war and renewed fears about rising inflation.
The benchmark BSE Sensex slipped 24 points to 52,818 while the broader NSE Nifty index was down 34 points, or 0.2 percent, at 15,828.
The rupee opened at a fresh all-time low of 77.05 against the dollar after having slumped to a record weak close of 76.93 on Monday.
HDFC Bank, JSW Steel, Maruti Suzuki India, Tata Steel and Hindalco fell 2-3 percent while Sun Pharma, Tech Mahindra, TCS, NTPC and Power Grid Corp of India were up 1-3 percent.
Tata Motors dropped half a percent. The company won a contract to supply 65 electric vehicles (EVs) to Kerala State Electricity Board.
Larsen & Toubro was little changed after it launched L&T-SuFin, an integrated e-commerce platform for B2B industrial products and services.
Natco Pharma jumped nearly 4 percent after launching its first generic version of Revlimid (Lenalidomide capsules), in the American market.
Market Analysis
Sensex, Nifty Marginally Lower In Early Trade
2022-03-08 04:29:05
