Sensex Opens Red; FMCG, Auto and Healthcare Dip

Indian share market opened in red on Tuesday, as conflict in Iraq and a gas dispute between Ukraine and Russia has increased tensions among investors. At 9:15 am Sensex opened, recording 25,189 points , with a decline of 1.02 points while the Nifty declined by 8.50 points at 7525.05 points.

Yesterday the Sensex markets closed at 25,190.48 with decline of 0.15 percent and the Nifty too declined by 0.11 percent at 7,533.55 points.

However, at 10.15 am, BSE index recorded 25,230.08 points with an incline of 38.91 points, while NSE index recorded 7,550.30 points with incline of 18.60 points.

The early gainers:

Early Losers:

Fast moving consumer goods stocks (FMCG), Auto stocks and Healthcare stocks dipped by 18.36 points, 23.23 points and 29.26 points respectively on Tuesday. Meanwhile oil and gas, IT, Metals, Capital goods, Banking, Realty and Power stocks inclined.

Foreign investors have helped Indian shares gain 23 percent, selling shares worth ₹1.94 billion on Monday after three days of buying, according to Reuters.

Reserve Bank of India Governor Raghuram Rajan will hold a conference and speak about previous Congress-led government-appointed financial sector legislative Reforms Commission's report, which has suggested taking away some functions from RBI like management of capital flows.

Besides, Indian government will sell ₹150 billion worth of bonds on 20 June and RBI will auction ₹140 billion worth of treasury bills tomorrow, including ₹80 billion of 91 day and ₹60 billion of 182-day treasury bills, the Central bank said in a release.

Besides, the Central Bank has approved the sale of 71 million new shares to Life Insurance Corporation of India at ₹71.83 each, with 7.6 percent discount to Monday's closing price.