Sensex drops 33 points in early trade; IT stocks drag

DN Bureau

Market benchmark BSE Sensex on Tuesday slipped over 33 points in early trade, due to losses in select private banks, IT and auto stocks amid fresh infusion of funds by foreign investors.

BSE
BSE

Mumbai: Market benchmark BSE Sensex on Tuesday slipped over 33 points in early trade, due to losses in select private banks, IT and auto stocks amid fresh infusion of funds by foreign investors.

The 30-share index was trading 33.67 points or 0.08 per cent lower at 40,453.76 in morning trade. The broader Nifty was trading 11.00 points or 0.09 per cent down at 11,926.50.

Also Read: Sensex up 84 points in opening deals, Nifty hovers near 12,043 

In the previous session, the Sensex settled with gains of 42.28 points or 0.10 per cent at 40,487.43. The 50-scrip NSE Nifty closed 16 points or 0.13 per cent higher at 11,937.50.

Meanwhile, the rupee appreciated by 6 paise to 70.98 in early session on Tuesday. In early trade Hong Kong slipped 0.1 per cent, Shanghai eased 0.2 per cent, Tokyo slipped marginally. Sydney, Singapore and Taipei fell 0.2 per cent. However, Seoul and Jakarta edged higher.

Also Read: Equity indices largely flat, auto and metal stocks gains 

On Wall Street, the Dow Jones closed 0.4 per cent lower at 27,909.60.(PTI)

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