Indian markets turn positive after weak opening; crude oil prices, global cues weigh on sentiment
New Delhi, Oct. 13 -- Indian stock markets opened lower on Tuesday but recovered to trade in positive territory, amid weak global cues and concerns over elevated crude oil prices.
The BSE Sensex declined 192.47 points, or 0.27 per cent, to 71,732.21 in early trade, while the NSE Nifty fell 45.80 points, or 0.20 per cent, to 22,317.30.
Global markets remained under pressure, with Wall Street ending on a mixed note overnight as rising oil prices and inflation concerns weighed on investor sentiment.
Hemang Gor, Senior Research Analyst - Derivatives and Technical Research at Axis Direct, said the Dow Jones gained 0.38 per cent, while the Nasdaq declined 0.44 per cent and the S&P 500 fell 0.06 per cent.
He attributed the mixed performance ...
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