Sensex Sinks Over 200 Points, Nifty Trades Below 17,750 Amid Weak Global Cues
In the broader market, the BSE Midcap index was down 0.3 per cent, while the Smallcap index was up marginally by 0.18 per cent
New Delhi: The key Indian equity benchmarks on Thursday snapped a three-day winning streak and traded lower in opening deals amid weak global cues.
At 10 am, the BSE Sensex slipped 217 points to 59,340, while the broader NSE Nifty dipped 61 points lower to 17,718.
Among the 30-shre Sensex plaform, Asian Paints, Maruti, NTPC, RIL, SBI, PowerGrid, and ITC were the top gainers, trading 0.3-1 per cent higher. Tata Consumer was the top Nifty gainer, up 3 per cent on strong earnings for the December quarter.
Meanwhile, HDFC, Bajaj twins HCL Tech, Tech Mahindra, Infosys, IndusInd Bank, Kotak Bank, and Wipro were the top losers, down 0.5-1.5 per cent.
In the broader market, the BSE Midcap index was down 0.3 per cent, while the Smallcap index was up marginally by 0.18 per cent.
HDFC on Wednesday clocked a standalone net income of Rs 3,261 crore for the three months to December 2021, logging in an 11 per cent growth over Rs 2,926 crore in the same quarter of the previous year.
In the previous session, the 30-share benchmark climbed 695.76 points to finish at 59,558, its third straight session of gains. Likewise, the broader NSE Nifty jumped 203 points or 1.16 per cent to end at 17,780.
Asian shares were mostly weak as Japan’s Nikkei index plunged 1.11 per cent and the Shanghai Composite index fell 0.97 per cent.
Tokyo was trading with losses in mid-session deals, while Seoul was in the green.
Several Asian markets, including China and Hong Kong, are shut for the Lunar New Year holiday.
Stock exchanges in the US finished with significant gains in the overnight session.
Meanwhile, international oil benchmark Brent crude slipped 0.27 per cent to $89.23 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 183.60 crore on Wednesday, according to stock exchange data.
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