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    Opening Bell: Sensex, Nifty slip lower after weak start; Tata Steel, Yes Bank fall

    Opening Bell: Sensex, Nifty slip lower after weak start; Tata Steel, Yes Bank fall

    Opening Bell: Sensex, Nifty slip lower after weak start; Tata Steel, Yes Bank fall
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    By Ajay Vaishnav   IST (Published)

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    The 30-share benchmark S&P BSE Sensex slipped almost 138 points to trade below 39,000 in the initial trade, while the broader NSE Nifty50 dipped over 41 points to trade at 11,658.

    Indian benchmark indices slipped further on Tuesday after a weak start, tracking global peers amid an uncertain geopolitical environment. Asian equities remained weak as anxious investors avoided risky positions ahead of negotiations between US President Donald Trump and China's Xi Jinping later this week in the G-20 meeting in Japan's Osaka. A failure to arrive at a negotiated settlement could dash hopes of any thaw in Sino-US trade tariff dispute. 
    Trump is slated to meet one-on-one with at least eight world leaders at the G20 summit in Osaka, including China's President Xi Jinping and Russian President Vladimir Putin.
    At home, the street is hoping for broad measures from the Narendra Modi government to boost growth while also keeping an eye on the developments in the Persian Gulf.
    The 30-share benchmark S&P BSE Sensex slipped almost 138 points to trade below 39,000 in the initial trade, while the broader NSE Nifty50 dipped over 41 points to trade at 11,658. The Nifty MidCap index slipped 0.20 percent, while Bank Nifty dipped 0.30 percent.
    Prominent sectors like metal, auto, bank, IT and FMCG were weak, while pharma and realty shares were trading in the green.
    ONGC, NTPC, M&M, Eicher Motors, Bharti Airtel and Oberoi Realty are among the major gainers on the indices, while among the top losers are Tata Steel, JSW Steel, Indiabulls Housing, Yes Bank, Zee Entertainment, IndusInd Bank and Tech Mahindra.
    Emami shares surged over 2.5 percent after SBI Mutual Fund purchased 3.02 percent stake in the company.
    Shares of Piramal Enterprises fell over 2 percent after the company said it was considering the sale of its entire 20 percent stake in Shriram Capital.
    Meanwhile, the Indian rupee opened marginally higher at 69.32 per US dollar on Tuesday versus Monday's close of 69.35 against the greenback.
    Oil prices lost some ground on Tuesday, after rising sharply last week in reaction to the tensions between the United States and Iran.
    Brent crude futures eased 51 cents to $64.35, while US crude fell 51 cents to $57.39 a barrel.
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