Weak global cues spook Indian market dragging the Nifty below 6000 in early morning trade. The Nifty is down 54.20 points or 0.90 percent at 5947.60. The Sensex is down 230.44 points or 1.14 percent at 19978.82. The Indian rupee opened lower by 24 paise at 62.81 per dollar versus 62.57 Monday. The yen hovered at two-month highs against the euro and dollar, having powered higher as a selloff in risk assets forced investors to cover bearish positions in the low-yielding Japanese currency. Globally, On Monday, the Wall Street got beaten down as the US manufacturing index tumbled. Dow Jones sunk below its 200-day moving average shedding over 300 points. The CBOE vix jumped nearly 15 percent while US treasury yields fall to a three-month low. On BSE, midcap and small cap are trading down by 0.68% and 0.76% respectively. On sectoral front, IT is the worst performer to ease 2.29%, followed by rest of the metals.
Further the market breath stands negative with 588 shares seen advancing against 1080 declining shares.
Further the market breath stands negative with 588 shares seen advancing against 1080 declining shares.
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