FIRST TRADE: Sensex, Nifty start lower amid mixed global cues; Tata Motors falls over 3%
Indian equities in Wednesday trade despite GIFT Nifty signalling a positive move opened subdued.
Tracking mixed global cues, Indian equities started Wednesday's session (September 11) on a weak note. At the start, Nifty opened weak by 0.08 per cent or 20 points at 25,020.9, while the Sensex was down 0.06 per cent or 48.39 points at 81,872.9.
Meanwhile, the broader markets traded on a positive note outperforming the headline indices.
Sectorally, auto pack led the decline followed by banking, metal and realty stocks, while defying the larger trend- FMCG, IT and Pharma traded with decent gains of up to 0.75 per cent.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "A significant trend in the global commodity markets now is the sharp decline in the crude price and softening of base metal prices. This has implications for stock markets.
The sharp dip in Brent crude to below $70 signals weakening demand globally, which in turn, indicates weakening growth prospects for the global economy, he added.
Meanwhile, Asian markets largely traded on a negative note after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in the U.S. presidential debate. The MSCI Asia index ex-Japan last traded with a cut of over 1 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:28 AM IST