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Tuesday, 29 April 2014
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Indian stock markets shrugged Asian weakness to open higher on Tuesday, but the gains were short-lived. The Sensex fell as much as 160 points, while the Nifty dropped around 50 points to 6,711 as banking stocks witnessed a sharp selloff.
India's BSE index is down 0.4 percent, while the broader NSE index is 0.41 percent lower, retreating for a third day from record highs hit on Friday. Sentiment weakens as foreign investors sold index futures,worth 11.70 billion Indian rupees ($193.21 million) over the previous two sessions.