Domestic stock markets opened in the red on Tuesday. The 30-share Sensex shed more than 200 points on open to fall below the 34,000-mark. The Nifty was down 57 points to 10,152.60.
Shares of IndusInd Bank, Adani Ports, Tata Motors and Coal India gained up to 2.5% in the morning trade. Asian Paints shares fell more than 6% after the firm reported weak Q2 results. Asian Paints shares shed as much as 6.16% to hit the day’s low at Rs 1,126.55. In the latest quarter, profit fell 3.2% to Rs 506 crore versus Rs 526.2 crore in the latest quarter for Asian Paints. In the Nifty, BPCL, IOC and ONGC shares were trading with pressure, tanking up to 4%.
The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week,