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Sensex Down 150 Points In Early Trade; Nifty Slips Below 10,100

Indian shares opened modestly lower on Tuesday as oil prices climbed and Fitch Ratings cut India's FY18 GDP growth forecast, saying the rebound was weaker than expected due to one-off factors like the demonetization program and disruptions related to the implementation of GST.

Also, investors looked ahead to the RBI monetary policy review and the first phase of Gujarat elections due this week.

The benchmark BSE Sensex was down 150 points or 0.46 percent at 32,718 while the broader Nifty index was down 37 points or 0.37 percent at 10,090.75.

Zee Entertainment Enterprises, Ambuja Cement, Adani Ports, Tech Mahindra and Vedanta were among the worst performers, while Bharti Airtel, Sun Pharma, Infosys, BPCL and HPCL were up between 0.4 percent and 0.8 percent.

Alphageo India fell about 1 percent after reporting a net loss of Rs 3.4 crore for the September quarter.

Eris Lifesciences slid half a percent after completing acquisition of Strides Shasun's India brand business.

Indiabulls Real Estate shed 0.4 percent after IPIT became its wholly-owned unit.

by RTTNews Staff Writer

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