Mumbai (Maharashtra): The stock market opened with a positive momentum on Tuesday but faced resistance at the 21,492 level, leading to the end of a three-day gaining streak for the Nifty 50.
Despite a recovery from intraday lows, the barrier at Friday’s high continued to impact the index’s upward movement.
The Sensex opened 15.29 points up at 71,330.88, while the Nifty opened 5.90 points up at 21,424.55. Among Nifty companies, 29 registered advances, while 21 witnessed declines.
At 10:15 am, Sensex was trading 192.45 points lower at 71,122.65, whereas Nifty was trading 58.35 points down at 21,360.30.
Leading the gainers were ONGC, Coal India, Nestle India, Reliance, and Apollo Hospital, while TCS, M&M, Bajaj Auto, HDFC Bank, and Asian Paints were among the top losers.
In the previous trading session, both the Sensex and Nifty 50 closed lower, with the Sensex dropping by 168.66 points (0.24 per cent) to 71,315.09, and the Nifty 50 closed at 21,418.65, down by 38 points (0.18 per cent).
(With inputs from ANI)
