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Gold futures on MCX were trading lower, down almost 0.34 per cent or Rs 173 at Rs 50,587 per 10 grams. Meanwhile, silver futures plunged about 1.27 per cent or Rs 781 at Rs 60,490 per kg.

At the interbank foreign exchange, the rupee opened unchanged at 78.13 against the US dollar, then inched lower to quote 78.17, registering a decline of 4 paise over the last close.

The Nifty Realty index was trading 1.21 per cent down at 379.65.

A total of 11,423 shares changed hands on the counter till 10:30AM (IST)

Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 40487.71 Crore) operating in NBFC sector.

The S&P500 futures were trading 0.99 per cent lower at 3,730, hinting at a weak start for US stocks later in the day. While markets such as Japan, China, and Australia edged up to 0.3 per cent lower, those in Hong Kong, Taiwan and Korea were down up to 2 per cent.

Investors are continuing to assess how worried they need to be about central banks pushing the world economy into recession as they attempt to curtail red hot inflation with interest rate increases.

Bitcoin dipped marginally but sustained above $20,000, whereas Ethereum was also under some pressure. Market experts see the volatility in the crypto market to continue in the near term.

Stocks that were in focus on Tuesday included EID Parry, which rallied more than 17 per cent, GSFC which also rose more than 17 per cent, and MRPL which surged by 10 per cent.

"Irrespective of the environment, it is imperative that investors focus on the time-tested principles of asset allocation, based on risk profile, financial capabilities and investment goals. First and foremost, the investor must understand his/her risk profile and determine if he/she is a conservative investor, moderate investor, or aggressive investor. Based on this, an appropriate asset allocation can be arrived at, depending on the investment horizon."