MARKET: Sensex down 400 pts, tests 58k; Nifty tests 17,300; Metals, PSBs up

Opening Bell

LIVE market update: Tepid global cues and valuation headwinds continued to force investors to book profits for fifth straight day on Tuesday. The BSE Sensex fell 656 points, or over 1 per cent, in opening deals to quote at 57,810 levels. The Nifty50, on the other hand, sliiped below the 17,250-mark, down 167 points.

In the broader markets, the BSE MidCap and SmallCap indices fell 1 per cent each.

Infosys, ICICI Bank, Tech Mahindra, Reliance Industries, Wipro, HCL Tech, and Bajaj Auto were the top large-cap laggards while Mindtree, Info Edge, Mphasis, and Srei Infra were the top losers in the broader market space.

Sectorally, only the Nifty Metal index was trading higher, up 0.36 per cent. On the downside, the Nifty IT index was slipped 2 per cent and the Nifty Bank index fell 1 per cent.

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Frontline indices were reeling under losses in the pre-open session with the BSE Sensex and the Nifty50 indices down about 1 per cent.

The 30-pack index declined around 500 points to quote at 57,962 while the 50-share index held 17,250-mark. HDFC, Infosys, and RIL were the top losers in pre-open market session.

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Updated at 8:15 AM

LIVE market updates: After a manic Monday, markets look set to open with another gap-down on Tuesday amid growing headwinds.

At 8:10 AM, the SGX Nifty was down at 17,347 levels, compared with yesterday’s spot Nifty close of 17,416.

Globally, Nasdaq tumbled 1.3 per cent, and the S&P 500 index was down 0.3 per cent. Dow Jones managed to end on a flat note in overnight trade in the US on Monday.

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