Markets Jump In Opening Trade Before Slipping Into Red, Sensex Sheds 55 Points

Sensex slipped 55 points or 0.18 per cent at 31,687, while Nifty lost 13 points or 0.15 per cent at 9,268 in the morning session.

Sensex Today: The indices were positive in the opening trade backed by top gainers majorly from banking segment including IndusInd Bank, HDFC, Tech Mahindra, Axis Bank and Kotak Bank/ (Getty Images)

Sensex Today: Indian equity markets in the opening session opened on a high on Tuesday to turn red with Sensex sliding 55 points 55 points or 0.18 per cent at 31,687. The Nifty was also down 13 points or 0.15 per cent at 9,268. The indices were positive in the opening trade backed by top gainers majorly from banking segment including IndusInd Bank, HDFC, Tech Mahindra, Axis Bank and Kotak Bank. The laggards remain Sun Pharma, Bajaj Auto, HCL Tech, Nestle Indis and Reliance. After the March quarter results, IndusInd Bank climbed 10 per cent whereas the Axis Bank and HDFC was also 3 per cent high. On Monday, the BSE Sensex settled at 31,743.08, higher by 415.86 or 1.33 per cent on RBI announcement of rolling out Rs 50,000 crore liquidity window for Mutual Funds. The Nifty50 closed at 9,282.30, higher by 127.90 points or 1.40 per cent from the previous close. Rupee opens weaker at 76.31/$ against Monday's close of 76.24 against the US dollar. Meanwhile, Asian stocks moved up tracking global markets on opening session on Tuesday after countries start to consider easing lockdown restrictions even as oil witnessed a decline in oil. The Nikkei 225 futures rose 3.05 per cent from the cash contract's close on Monday. Australian S&P/ASX 200 futures were up 0.09 per cent and Hong Kong's Hang Seng index futures were up 0.54 per cent. US stocks closed positive as investors were relieved as they closely watch the measures to normalise economic activities. On Monday, the Dow Jones Industrial Average jumped 358.51 points, or 1.51 per cent, to 24,133.78. The S&P 500 rose 41.74 points, or 1.47 per cent, to 2,878.48. The Nasdaq Composite Index was up 95.64 points, or 1.11 per cent, to 8,730.16, Xinhua news agency reported. All the 11 primary S&P 500 sectors closed positive, with financials and real estate up 3.6 and 3 per cent, respectively, outpacing the rest. The focus on restarting economies continues to increase as some US states began to make plans for reopening. (With inputs from Agency)