Equity benchmarks opened mildly lower on Wednesday, tracking subdued global cues following correction in metals and crude oil prices.
The 30-share BSE Sensex was down 41.86 points at 32,900.01 and the 50-share NSE Nifty fell 16.70 points to 10,169.90.
Sun Pharma, Lupin, Vedanta, Hindalco, NALCO, Bajaj Finance, Bharti Infratel and GAIL were early losers while HPCL, BPCL, TCS, Ambuja Cements and Dr Reddy's Labs were early gainers.
Rain Industries, HEG, Graphite India, Goa Carbon and Phillips Carbon plunged 5 percent.
After earnings, Waterbase, MOIL, Panacea Biotec and Cox & Kings gained 4-6 percent while Corporation Bank, Indiabulls Real, CEAT and JK Tyre lost 1-5 percent.
Fortis Healthcare and Religare Enterprises rallied 3-5 percent post deal.
Jet Airways was up 1 percent as stock is out of NSE F&O ban and ahead of analysts' meet.
The cautious sentiment from the last session continued through Asia's today's trading day, with energy-related plays in the region falling on weakening oil prices.
China's Shanghai Composite, Hong Kong's Hang Seng, Japan's Nikkei, Australia's ASX 200 and South Korea's Kospi were down 0.3-0.8 percent.
The US markets also closed lower, with the Dow Jones, S&P 500 and Nasdaq Composite falling 0.1-0.3 percent. Concerns about a potential global economic slowdown and US tax reform dampened investor sentiment.
No comments:
Post a Comment