Indian markets geared up for a volatile session on Tuesday. The BSE Sensex opened the day above 82,200, climbing almost 75 points, while the NSE Nifty50 began trading at 25,209, rising 26 points.
Notably, the GIFT Nifty gave indications of a weak day ahead for markets after it slipped 0.17 per cent to touch 25,270, around 7 AM. In the pre-open session, the Sensex fell over 10 points to breach 82,150, around 9:05 AM. On the other hand, the Nifty jumped 22 points to cross 25,200.
In the previous trading session on Monday, both indices slipped for the second straight session, weighed down by heavy selling in IT counters after US President Donald Trump announced a steep hike in H-1B visa fees.
The Sensex crashed 466.26 points, or 0.56 per cent, to close at 82,159.97 after touching an intraday low of 81,997.29, down 628.94 points. The Nifty tumbled 124.70 points, or 0.49 per cent, to finish at 25,202.35.
Trump, on Friday, signed a proclamation imposing a $100,000 fee on H-1B visas used by foreign workers, including Indians. The White House clarified the levy would apply only to new applicants. The development triggered a sharp sell-off in IT stocks.
