MUMBAI: Indian stock markets opened lower on Tuesday as weak global cues weighed on investor sentiment. Both benchmark indices slipped 0.2 per cent at the opening bell.
The Sensex dropped 195 points to trade at 84, 756 in early deals, while the Nifty fell 64 points to 25, 949. Most heavyweight stocks were under pressure, dragging the indices down.
“Immediate resistance now lies at 26, 100, followed by 26, 150, while the 25, 850–25, 900 band is likely to offer meaningful support and serve as an accumulation zone for positional traders, ” market experts said.