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25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
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Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
Markets Open Lower On Weak Global Cues
Benchmark indices opened the day marginally lower on weak global cues from Asia and the US. The Sensex was trading with losses of 30 points, while the Nifty lost 10 points in early trade. Check Sensex gainers and losers
Banking stocks were weak in trade with ICICI Bank, Axis Bank, PNB and Canara Bank among the early losers in trade.
IT stocks saw some buying support in trade even as the rupee gained ground against the dollar in trade. Infosys and Wipro were among the early gainers in trade.
PSU banking stocks which have seen a solid rally in the last few trading sessions on hopes of the government's capital infusion plan, lost ground and were trading lower.
Bank of Baroda, Union Bank and Bank of India were among the early losers in trade. Meanwhile, most of the Asian markets were trading lower after losses were seen across Asian markets following weak cues from across the US.
In fact, the NASDAQ saw a sharp sell off in trade following 1.6 per cent on poor earnings.
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