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.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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.