Opening Bell: Sensex, Nifty start lower, Nifty Bank dips 1%, Asian Paints down 5%
Indian shares opened lower on Tuesday, tracking weak global cues. The Sensex started 234 points lower, or 0.69 percent, at 33,899.80, while the Nifty started at 10,158, down by 87 points, or 0.85 percent. The Nifty Bank dipped nearly a percent, trading at 24,835, while the Nifty MidCap slipped a percent. Asian Paints, IOC, Indiabulls Housing Finance, HPCL and BPCL were among top index losers, declining by 4.92 percent. Asian Paints fell nearly 5 percent after a disappointing earnings in July-September quarter. IndusInd Bank lead among index gainers, jumping 1.7 percent, while shares of Adani Ports, Coal India, Tech Mahindra and Gail rose by up to 1.11 percent.