Sensex breaks 34,000, down 200 points; Nifty below 10,200

The Indian stock markets opened in the red on Tuesday.

Sensex shed more than 200 points on open to fall below the 34,000-mark.The Nifty was down 57 points to 10,152.60.

Rupee opens at 73.77/$ vs its previous close of 73.56 per dollar due to steady capital outflows and strengthening of the American currency.

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Shares of IndusInd Bank, Adani Ports, Tata Motors and Coal India gained up to 2.5% in the morning trade. Asian Paints shares fell more than 6% after the firm reported weak Q2 results.

Asian Paints shares shed as much as 6.16% to hit the day’s low at Rs 1,126.55. In the latest quarter, profit fell 3.2% to Rs 506 crore versus Rs 526.2 crore in the latest quarter for Asian Paints. In the Nifty, BPCL, IOC and ONGC shares were trading with pressure, tanking up to 4%.