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Sensex opens lower, Nifty hovers around 9600; L&T gains 3%, BHEL loses 6%

Market Update

Equity benchmarks started off Tuesday's trade on negative note due to profit booking after rising for three consecutive sessions.

The 30-share BSE Sensex was down 8.56 points at 31,100.72 and the 50-share NSE Nifty fell 9.50 points to 9,595.40.

L&T, M&M, NTPC, GAIL, Tata Motors, Aurobindo Pharma, Tech Mahindra, IOC and Adani Ports were early gainers while BHEL, Coal India, TCS, SBI, Bharti Airtel, BPCL, Power Grid and Vedanta were losers.

The rupee opened at 64.63 to the dollar, down 0.2 percent from its previous close. On Monday, the rupee closed marginally weaker against the dollar at 64.50.

Shares indexes in Asia traded mixed, following a directionless session yesterday as major markets around the world were closed for various holidays.
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