Market Update - Eicher Motors slips 2% , HDFC Top Losers , Nifty below 10,850

Eicher Motors shares fell 3 per cent in the morning on Tuesday as global brokerage house Citi has maintained buy call on the stock but slashed price target to Rs 24,700 from Rs 25,200 earlier.

The price cut was after the brokerage house reduced its consolidated earnings estimates by 2-3 per cent over FY19-21. The stock was quoting at Rs 19,583.90, down Rs 354.35, or 1.78per cent on the BSE.

Opening Bell: Sensex, Nifty Open Lower Indian equity benchmarks resumed declines after a one-day gain on Friday. The S&P BSE Sensex fell as much as 0.38 per cent to 35,926.44 and the NSE Nifty 50 fell as much as 0.43 per cent to 10,817.85. The market breadth was tilted in favour of sellers. About 890 stocks advanced and 469 shares declined on National Stock Exchange.

Jet Airways Falls - After Lessors Ground Six More Aircraft Shares of the cash-strapped airline declined 4.3 per cent to Rs 224 per share. Lessors grounded six more Jet Airways’ aircraft due to non-payment, according to its notification to the exchanges. With this, the total number of aircraft grounded increased to 25 and fleet size stands reduced to 99. The company said it is making all efforts to mi

Crude dips: Oil prices fell on Tuesday as markets eyed only modest prospects for growth in fuel demand, although OPEC-led efforts to cut output still offered some support.

Rupee Opens: The Indian rupee opened marginally lower at 70.94 per dollar on Monday against Friday's close 70.91.

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