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.

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%.