FIRST TRADE: Sensex down over 400 pts; Nifty below 19,550; Wipro slips 3%

Stock market today: The Indian share market on Thursday, October 19, traded lower after tracking a selloff in global stocks as worries of escalating tensions in the Middle East triggered volatility in oil prices.

Last seen, the S&P BSE Sensex was down 393.75 points, or 0.6 per cent, at 65,478.51, and the NSE Nifty was down 103.3 points, or 0.53 per cent, at 19,567.8.

In the broader market, the Nifty Midcap 100 and Small Cap 100 opened in negative territory.

Nifty Bank was down 0.65 per cent at 43,603.6.

BUZZING STOCKS 

UTI Asset Management shares were down over 3 per cent after posting weak results.

Astral shares were down over 3 per cent after posting a tad lower than estimate results in the September quarter. 

MMTC shares touched the lower circuit at 10 per cent a day after Zee Business' report on Farzi bull run. 

Wipro shares were down 3 per cent after posting less than erstimate results. 

Bandhan Bank shares were down over 2 per cent after registering below-expectation Q2 numbers on all parameters.

Oracle Financial Service Software shares were down over 2 per cent after posting weak results. 

Conversely, Bajaj Auto stock was up over 4 per cent post-Q2 results.

Persistent Systems shares were up over 2 per cent after posting in-line Q2 results with expectations. 

ICICI Lombard shares were up over 1 per cent after the company posted mixed results. 

GLOBAL MARKETS

US stocks ended sharply lower on Wednesday, with the S&P 500 and Nasdaq falling more than 1 per cent each, as Treasury yields rose again and investors assessed the latest batch of quarterly corporate results and forecasts. Mounting tensions in the Middle East stoked risk aversion. 

Safe-haven gold hit its highest level in more than two months. The Cboe Volatility index (.VIX), Wall Street's fear gauge, jumped.

(With agency inputs) 

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