Nifty opens below 12,200, Sensex down 200 pts

Written by: CapitalAim on January 21, 2020


  Nifty opens below 12,200, Sensex down 200 pts

Sensex is down 221.90 points or 0.53 percent at 41307.01 while the Nifty shed 58.30 points or 0.48 percent at 12166.20. Bharti Infratel and Zee Entertainment are the top gainers while Reliance Industries,Kotak Mahindra Bank and State Bank of India are the most active stocks.

Rupee Opens: The rupee opened at 71.18 per dollar on January 21, lower by 8 paise against the previous day's close of 71.10 on some buying of the greenback by banks and importers. Forex traders said the drop in the rupee was also due to a spurt in crude oil prices following rising tensions in the Middle East and North Africa.

Oil Prices: Oil prices rose on Tuesday after Libya declared force majeure on two major oilfields following a military blockade and protests escalated in Iraq, raising supply concerns. Brent crude was trading up 11 cents, or 0.2%, at $65.31 per barrel by 0101 GMT. US West Texas Intermediate crude futures were up 20 cents, or 0.3%, at $58.74 a barrel.

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