Equity benchmark indices opened sharply lower on Tuesday morning amid weak global cues.
The Indian stock benchmark indices commenced lower on Tuesday on weak global cues. The BSE Sensex is trading lower by 52 points at 41477-mark and the Nifty dropped 10 points at 12,214 at around 10-am.
Asian paints, UPL, TataSteel, Mahindra& Mahindra and JSW-Steel were among the top losers, while gainers include Bharti Infratel, Zee Entertainment, Coal India and ICICI Bank.
Among sectors, the Nifty Media index was trading higher by 1.63 percent, followed by PSU Bank, up by 0.73 percent. On the other hand, the Nifty Realty index slipped the most, down 0.94 percent driven by Prestige and Sun Teck. Get more Stock Tips and free trading tips visit our website.
Among Stocks, Federal Bank traded higher by 1.87-percent, after the company reported a 32-pc growth in net profit to Rs440-cr in (Q3FY20) quarter.
Shares of ICICI Securities slipped marginally by 0.21-percent even after the Company reported a 36-pc growth in consolidated profit to Rs137-cr for Q3FY20.