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Opening Bell – Markets open in negative territory

Nifty opened at 9,899 level, down by 53 points while Sensex opened at 31,713 level, down by 96 points.

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At 09:15, Nifty opened at 9,899 level, down by 53 points while Sensex opened at 31,713 level, down by 96 points. There were 452 advances, 935 declines and 470 unchanged stocks on NSE reflecting negative undertone in the market.

HCL Technologies was the top Nifty gainer trading at Rs 866.80 per share, up by 0.80% while Sun Pharma was top Nifty loser trading at Rs 480 per share, down by 2.41%.

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On the broader markets, BSE Mid-cap index was trading at 15,595 level, down by 0.53% while BSE Small-cap index was trading at 16,134 level, down 0.36%.

The rupee opened at 64.09 as against the previous close of 64.10 per USD.

The US stock indices ended Tuesday’s session sharply lower as investors focused on heightened tensions between the West and North Korea and worries about a lack of policy progress on President Donald Trump’s pro-growth agenda. All three benchmark indices logged their worst one-day drop since August 2017. The Dow Jones Industrial Average plunged 234 points to 21,753. The tech-heavy Nasdaq Composite Index tumbled 60 points to 6,376. The S&P 500 shed 19 points to 2,458.

The Asian stock indices were trading lower on Wednesday after a sharp fall on the Wall Street in the overnight trade. The Japan’s Nikkei 225 has drop 0.38% and the Hong Kong’s Hang Seng has lost 0.88%. The China’s Shanghai Composite has slipped 0.36%.


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