Indian stock market indices Sensex and Nifty 50 opened on a muted note on Tuesday. Sensex fell 122.37 points to 73,484.38, while Nifty 50 fell 44.40 points to 22,708.80. Investors got cautious due to high crude oil prices and ongoing Q2 results. Market volatility remains high amid the monthly derivatives expiry.
The Indian stock market benchmark indices, Sensex and Nifty 50, opened on a muted note on Tuesday, as sentiment remains cautious over the elevated crude oil prices and geopolitical tensions in the Middle East. Market volatility is expected to remain high due to the weekly and monthly derivatives expiry, while focus will also be on the US Federal Reserve's monetary policy meeting and the ongoing Q2 results.
The Sensex opened 122.37 points, or 0.17% lower, at 73,484.38, while the Nifty 50 declined 44.40 points, or 0.20%, to open at 22,708.80. The Bank Nifty index opened at 54,420.70, up by 54.00 points, or 0.10%.
In the currency market, the Indian rupee opened 2 paise higher at 95.17 against the US dollar as compared with its previous close of 95.19 level.