Equity Benchmarks Opened Sharply Lower On Tuesday

Equity benchmarks opened sharply lower on Tuesday on weakness in Asian peers after the launch of missile by North Korea.

The 30-share BSE Sensex was down 128.02 points at 31,622.80 and the 50-share NSE Nifty fell 41.95 points to 9,870.85.

ACC, Bank of Baroda and Tata Power were under pressure, down 1-2 percent after NSE decided to exclude these stocks from Nifty50. HPCL and UPL gained up to 2 percent on addition in Nifty50.

Nifty Midcap was down 0.5 percent on market breadth. About two shares declined for every share rising on the NSE.

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