Know how the Markets opened today

The Nifty slipped in early deals on Tuesday, snapping a 2-day rally, as traders turned cautious ahead of the Reserve Bank of India's policy event on Interest rates later in the day.

The Nifty fell 30 points to 8,512. The Advance-Decline Ratio was at 18/32 with Hero Motor, BPCL and Asian Paints taking the first three top spots on the Nifty's gainers list. On the losers' side of the index were Bosch, Cairn and Tata Motors on the Index.

The mood was cautious in the broader market as well ahead of the policy. Larger indices such as the CNX 100, CNX 200 and CNX 500 also showed muted losses. The Bank Nifty fell in early deals. Sectoral indices such as CNX Energy, CNX Finance and CNX FMCG were down in the red as well.

And on the Bombay Stock Exchange, the Sensex fell 88 points to 28,099 points in initial trades on Tuesday. As a consequence, the Advance-Decline Ratio stood at 13/17. Wipro, Infosys and ONGC lost ground on the Sensex whereas Hindalco, Vedanta and Mahindra and Mahindra posted modest gains.

The markets were equally balanced in the futures and options space with Indiabulls Real Estate, Amara Raja Batteries and Oracle Financial being on top of the gainers’ list versus Sun TV, JP Associates and Hindustan Zinc that dropped over their previous close. The Advance-Decline Ratio, meanwhile, stood at 1:1.

The broader market, too, showed an indeterminate trend at the start of play with 943 shares rising compared with 712 that fell.

Image credit: Indiatimes