New Delhi, Sept. 8 -- Indian markets opened in the red on Tuesday as persistent geopolitical headwinds and hardening crude oil prices dampened domestic sentiment. The BSE Sensex fell 278.64 points, or 0.37 per cent, to stand at 75,854.17, while the NSE Nifty 50 slipped 36.05 points, or 0.15 per cent, to trade at 23,743.10.

Ajay Bagga, Banking and Market expert, stated that "Indian markets are directionless, with a 2 year non-return scenario for the headline indices. Elevated oil prices and a massive supply of IPOs/OFS issuances is keeping secondary markets liquidity constrained further."

He also mentioned that international developments are dominating market movements.

"US markets were shut Monday for Labor Day, so US futures are doing...