MUMBAI: The Indian equity markets opened the week lower on Tuesday amid persistent FII selling and mixed December quarter results.
As of 9.25 am, Sensex dipped 436 points, or 0.54 per cent, to reach 81, 101, and Nifty declined 110 points, or 0.44 per cent to 24, 938.
India and the European Union are set to announce the conclusion of negotiations on a Free Trade Agreement (FTA) at the India–EU Summit on Tuesday, that could boost the market sentiment later, especially in pharma, textiles, and chemicals sectors, analysts said.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 lost 0.53 per cent, and the Nifty Smallcap 100 eased 0.57 per cent.