Nifty opens below 7900, Sensex down 100 pts; ONGC falls 2% | Stock Cash Market Tips

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ONGC, Hindalco Industries, Vedanta, Infosys, Coal India and IndusInd Bank were big losers in early trade, down 1-2 percent.

The market started off Tuesday on a negative note with the BSE Sensex falling 115.29 points to 26006.11 and the Nifty declining 33.15 points to 7882.05. Weak global cues drove market lower.

Tata Motors, L&T, NTPC, Tata Power, BPCL and Maruti Suzuki gained strength.

In the US market, Wall Street posted its biggest decline in six weeks. Equities closed lower as investors weighed a possible Federal Reserve rate hike in December. 

According to the CME group, the probability of a December rate hike rose from about 58 percent to about 70 percent. 

In currency space, dollar hovered just below a seven-month peak against a basket of major currencies, having consolidated its payrolls-inspired rally in a subdued session overnight.