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Mumbai, 5 May. Domestic stock markets remained in the red in early trade on Tuesday due to the continuous fall in the rupee. BSE’s 30-share sensitive index Sensex opened 165.68 points down at 77,103.72 points. At the time of writing, it was down 297.66 points (0.39 percent) at 76971.74 points. One of the main reasons for the selling in the market is believed to be the continuous decline of the rupee. The Indian currency had closed above Rs 95 per dollar for the first time on the last trading day.

In this morning’s trade it fell further by 20 paise to reach a record low of Rs 95.43 per dollar. The Nifty-50 index of the National Stock Exchange also opened with a decline of 66.70 points at 24,052.60 points. At the time of writing, it was down 100.50 points or 0.42 percent at 24,018.80. Amidst the dominant selling in the market, investors are investing money in small companies. Indices of auto, banking, finance, metal, realty and health groups are currently in the red while buying is taking place in IT, media and FMCG sectors.

Among Sensex companies, shares of Bajaj Finance and Bajaj Finserv are down by more than one percent. ICICI Bank, Sun Pharma, L&T, Tata Steel, Maruti Suzuki and HDFC Bank are also in the red. Shares of UltraTech Cement, Bharti Airtel, Reliance Industries, BEL and Titan are in gain.