FIRST TRADE: Indices open lower; Sensex down over 300 pts; Nifty slips 100 pts

Stock market today: The domestic benchmark indices opened lower on Monday, August 14, ahead of the domestic retail inflation data, which will be released later in the day. Further, on the global front, too, the mood was sombre as market participants awaited key China data. These apart, geopolitical tensions also added to the worry after a Russian warship fired warning shots at a cargo ship in the southwestern Black Sea on Sunday, heralding a new stage of the war that could impact oil and food prices.

Both indices were trading nearly 0.40 per cent lower. At the time of filing this report, the BSE S&P Sensex was down 376.13 points or 0.58 per cent at 64,946.52 and the NSE Nifty was down 0.63 per cent or 123 points at 19,305.5

Among Sensex stocks, NTPC was the top gainer, whereas Tata Motors, Bajaj Finserv, Bajaj Finance were the top laggards.

In the broader market Nifty Mid Cap 100 and Small Cap 100 bled red. Both indices were down over 1 per cent.

On the sectoral front, Nifty Bank opened at 44,066.60. All the indices are traded in red.

BUZZING STOCKS

Shares of FSN E-Commerce Ventures Ltd, Nykaa's parent company were down over 8 per cent after the company posted its June quarter numbers. 

Muthoot Finance was down 7.48 per cent or Rs 101.05 at Rs 1,249 apiece after company's board approved the acquisition of a 2.05 per cent stake in Belstar Microfinance Limited. 

City Union Bank was down over 4 per cent after reporting mixed results. 

Conversely, ONGC was up nearly 1 per cent after posting Q1 results. NALCO was down nearly 3 per cent after declaring Q1FY24 results.

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