Opening Bell: Sensex opens 120 points lower, Nifty at 15,700; financials, metals decline

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The Sensex opened 0.23 percent, or 120.52 points lower at 52,432.88, while the Nifty50 index opened at ​15,703.95, down 48.45 points, or 0.31 percent.

Opening Bell: Sensex opens 120 points lower, Nifty at 15,700; financials, metals decline
The Indian equity benchmark indices opened lower on Tuesday following losses in global peers amid concerns over a surge in Delta variant of the coronavirus in Asian countries and fears of faltering economic recovery.
At 9:15 am, the Sensex opened 0.23 percent, or 120.52 points lower at 52,432.88, while the Nifty50 index opened at ​15,703.95, down 48.45 points, or 0.31 percent. Broader markets, the midcap and smallcap indices traded flat.
All the sectoral indices except Nifty Realty and pharma opened in the red. Financial and auto stocks slipped over 2 percent.
HDFC Bank, ONGC, HCL Tech, Bharti Airtel, Hindalco led the losses among Nifty50 constituents while Shree Cement, Power Gird, Asian Paints, and Wipro were the top index gainers.
Globally, Asian stocks were down early Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets, including oil, skidding sharply.
MSCI's gauge of Asia Pacific stocks outside Japan fell as much as 0.29 percent. Stocks on Wall Street fell as much as 2 percent Monday, with the Dow posting its worst day in nine months as COVID-19 deaths increased in the United States.
Oil prices plunged more than 6 percent, driven down both by worries about future demand and by an OPEC+ agreement to increase supply.
Gold prices rose on Tuesday, supported by a drop in US bond yields and concerns over a relentless surge in Delta variant infections, although a stronger dollar kept bullion's gains in check.

Market Movers

CompanyPriceChng%Chng
Sun Pharma773.95 70.95 10.09
Tech Mahindra1,209.55 81.75 7.25
Cipla920.05 36.95 4.18
Shree Cements28,265.75 626.80 2.27
Adani Ports674.50 14.85 2.25
CompanyPriceChng%Chng
Sun Pharma774.00 70.75 10.06
Tech Mahindra1,209.45 81.70 7.24
Bajaj Auto3,845.00 82.20 2.18
Power Grid Corp171.05 3.65 2.18
HCL Tech1,025.45 17.85 1.77
CompanyPriceChng%Chng
Hindalco444.80 -13.30 -2.90
Bajaj Finance6,228.10 -172.00 -2.69
SBI Life Insura1,098.60 -30.25 -2.68
Bajaj Finserv14,222.20 -376.85 -2.58
SBI431.80 -9.75 -2.21
CompanyPriceChng%Chng
Bajaj Finance6,228.90 -165.40 -2.59
Bajaj Finserv14,221.30 -369.15 -2.53
SBI431.70 -10.05 -2.28
Tata Steel1,433.75 -25.25 -1.73
Titan Company1,714.50 -25.60 -1.47

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.41000.12500.17
Euro-Rupee88.35000.10200.12
Pound-Rupee103.75800.10500.10
Rupee-100 Yen0.67840.00000.00