NEW DELHI: Domestic benchmark indices kicked off Tuesday's session on a week note tracking weakness in its Asian peers.
The Asian equities took a hit on concerns about a slowing global economy that sent Wall Street stocks skidding to their lowest levels in more than a year.A rise in domestic currency though capped further downside.The rupee on Tuesday opened 23 paise up at 71.33 against the greenback owing to some selling in American currency by banks and exporters and a sharp decline in global crude oil prices.Around 9:30 am, the BSE Sensex was trading 179.38 points, or 0.49 per cent, lower at 36,090, while its NSE counterpart Nifty declined by 47.25 points, or 0.43 per cent, to 10,841.10.
In the 30-share index, only eight stocks gained while 22 declined.
Tata Motors came forth as the biggest gainer, rallying nearly 2 per cent after reports emerged that Jaguar Land Rover (JLR) is making efforts towards wider cost efficiency plans by cutting jobs next year, as reported by PTI.
Other gainers were Bharti Airtel, Hero MotoCorp, Asian Paints, LT and Kotak Mahindra Bank.On the other hand, Infosys topped the loser board, shedding 1.98 per cent.
Other stocks that declined in the 30 share pack were Wipro, YES bank, HDFC, Adani Ports and TCS.Among Nifty stocks, 17 advanced while 33 declined.
On the BSE sectoral front, IT stocks shed the most.
Other sectors that witnessed a drop were healthcare, FMCG, Finance, Bankex and metals among others.BSE Midcap traded flat while the BSE Smallcap saw minuscule gains of 0.11 per cent.