MUMBAI: The BSE Sensex turned negative on Tuesday morning as investors were unable to shake off jitters about global economic woes, after initially rising 3.2 percent on liquidity boosting measures by regulators.
By 11:12 a.m., the 30-share main index was down 0.02 percent, or 2.92 points, at 11,798.78.
Also, the rupee weakened past 48 per dollar for the first time since January 2003 as concerns intensified about foreign fund outflows amid a global financial crisis.
At 9:03 a.m., the partially convertible rupee was at 48.01/48.02 per dollar, after falling 1.5 percent on Monday to 47.80/81.
