Stock markets: The equity benchmark indices continue to be in negative due to weak global cues and rising crude oil prices. In the early trade, the 30-share BSE Sensex declined 314.56 points to 72,782.72. Meanwhile, the NSE Nifty dropped 101.65 points to 22,045.
From the Sensex basket, Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro and NTPC were the major laggards. Tata Steel, Bajaj Finance, JSW Steel and Bharti Airtel were among the gainers. In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were quoting low.
Rupee against dollar
The rupee declined 5 paise at 82.95 against the US dollar on Tuesday due to firm crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 82.94 to a dollar, down 4 paise over the previous close of 82.90.
The local currency moved in a tight range of 82.93 to 82.95 to a dollar in early deals. The rupee traded at 82.95, down 5 paise, against the US dollar at 9.15 am.
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