Indian shares opened lower on Tuesday, tracking weak cues from global markets amid concerns about U.S. President-elect Donald Trump’s protectionist policies and the outlook for interest rates.
The benchmark S&P/BSE Sensex was down 498 points, or 0.6 percent, at 77,749 in early trade while the broader NSE Nifty index slipped 128 points, or half a percent, to 23,517.
Tech stocks such as HCL Technologies, TCS, Tech Mahindra and Infosys all fell around 2 percent.
Adani Enterprises fell 2.2 percent after it agreed to sell its entire 44 percent stake in the FMCG joint venture Adani Wilmar.
Adani Green Energy tumbled nearly 3 percent on news that CEO Amit Singh is stepping down to take a new role in the group.
RVNL rallied 2.5 percent as it emerged as the lowest bidder for a Rs. 137-crore Central Railway project.
Easy Trip Planners plunged 9 percent on reports that promoter Nishant Pitti is looking to sell up to a 14.21 percent stake in the company via block deals.
Mazagon Dock Shipbuilders declined 1.5 percent despite winning a contract worth Rs 1,990 crore from the Defence Ministry.
Lupin edged down slightly after it acquired Huminsulin in India from Eli Lilly and Company to strengthen its diabetes portfolio.
Sensex, Nifty Open Lower; IT Stocks Drag
2024-12-31 04:34:10
