Market Opens on a Choppy Note; Metal, Bank Stocks Fall
The 30-share index slipped into the red to trade 12.46 points, or 0.03 per cent, lower at 37,628.81 at 0930 hours, while the broader Nifty fell 7.30 points, or 0.06 per cent, to 11,098.05 in early trade.
Image for Representation.
Mumbai: Domestic equity benchmark BSE Sensex started on a choppy note on Wednesday tracking weakness in metal and banking stocks amid tepid cues from global markets.
After opening slightly higher than its previous close, the 30-share index slipped into the red to trade 12.46 points, or 0.03 per cent, lower at 37,628.81 at 0930 hours, while the broader Nifty fell 7.30 points, or 0.06 per cent, to 11,098.05 in early trade.
In the previous session, the BSE barometer closed 147.15 points, or 0.39 per cent, higher at 37,641.27; and the Nifty rose 47.50 points, or 0.43 per cent, to 11,105.35.
Top gainers in the Sensex pack in early trade on Wednesday included Tata Motors, HCL Tech, Bajaj Auto, TechM, Sun Pharma, PowerGrid, Infosys and ITC, that rose up to 3 per cent.
On the other hand, Tata Steel, Maruti, HUL, Kotak Bank and ONGC fell up to 2 per cent.
Foreign portfolio investors sold shares worth a net of Rs 923.94 crore on Tuesday, while domestic institutional investors purchased shares worth Rs 1,162.65 crore, provisional data showed.
The rupee, meanwhile, turned flat against its previous close to trade at 71.48 in early session.
Elsewhere in Asia, bourses in Hong Kong, Korea and Japan were trading a tad higher in their respective late morning sessions, while those in China slipped into the red.
Exchanges on Wall Street too ended on a negative note on Tuesday.
Global oil benchmark Brent crude was trading 0.68 per cent higher at 59.43 per barrel.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Moti Bagh: Documentary Film Based on Life of Uttarakhand Farmer Nominated for Oscars
- OnePlus 7T With Round Triple-Camera Module Revealed in Official Press Image
- Want a 1Gbps Broadband Connection For Your Home? That Will be Rs 1,549 Onwards
- Priyanka Chopra Admits Having a Baby With Nick Jonas is on Her 'To-Do-List'
- Here is How Much The Apple iPhone 11, iPhone 11 Pro And iPhone 11 Pro Max Will Cost