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Markets opened a negative note this Tuesday tracking weak Asian markets on fear over military action after US Secretary of State John Kerry held Syrian government accountable for using chemical weapons in an attack.
Investor sentiments are likely to remain jittery over the geo-political tensions coupled with uncertainty over the timeline for tapering of US Fed stimulus.
At 09:20AM, the 30-share Sensex was down 202 points to trade at 18,346 and the 50-share Nifty declined 68 points at 5,408 levels.
Crude oil futures prices today rose by 0.42% to Rs 6,866 per barrel after speculators enlarged positions amid a firming trend in the Asian region.
At the Multi Commodity Exchange, crude oil prices for delivery in September traded Rs 29, or 0.42% higher at Rs 6,866 per barrel.
The broader markets were flat with mid-caps falling 0.04 per cent and small-caps rising 0.02 per cent on the BSE.
The market breadth was negative. Out of 761 stocks traded, 496 stocks declined while 236 stocks advanced on the BSE.
RUPEE
The rupee once again weakened against the dollar in early trades on Tuesday due to month-end dollar demand, said currency dealers.
At 09:15am, the rupee was trading at Rs 65.27 per dollar compared with Monday's close of Rs 64.31 on the Interbank Foreign Exchange .
GLOBAL MARKETS
Asian stocks fell while brent crude surged to over 5-month high on brewing tensions between Syria and US.
Japan’s Nikkei was tad up 0.02% to 13,639, Singapore’s Straits Times fell 0.5% to 3,067, China’s Shanghai Composite index was up 0.04% at 2,094 while Hong Kong’s Hang Seng fell 0.3% to 21,934 today.
STOCK MOVERS
Domestically, all the key sectoral indices dropped with banks, realty, capital goods, oil & gas, PSU lead the drop on the BSE.
The laggards were Sesa Goa falling 3, ICICI and HDFC Bank dropped 1-2%, Hindalco Industries declined 1% while Larsen & Toubro fell 0.9% on the BSE.
