The domestic stock markets started on a falling note in the opening trade on Tuesday since the five states are underway for the counting of votes in assembly elections.
The investors also turned edgy a day after the unexpected resignation by the Reserve Bank of India’s (RBI) Governor Urjit Patel.
The S&P Bombay Stock Exchange index Sensex started at 34,584.13 and the NSE index Nifty50 at 10,350.05.
At 9:30 am, the 30-share Sensex traded 501.66 points or 1.43% lower at 34,458.060, while the 50-scrip Nifty was down 131.60 points or 1.25% at 10,356.85.
At the Interbank foreign exchange market, the Indian rupee opened at 72.46 against the US dollar but came off earlier at 72.1350 to the greenback on Tuesday.
On Monday, the home currency plunged by 50 paise to 71.32 against the American currency.
Meanwhile, the BSE Sensex plunged 713 points to close at 34,959 and the broader Nifty50 nosedived to 10,488, with loss of 205 points – or 1.9%.
-Harleen Sandhu
