Sensex Opens Sharply Lower; Asian Markets Trade Steady

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices opened the day sharply lower even as Asian markets were having a quiet trading session.

    The Shanghai Composite saw bouts of volatility after the People's Bank of China (PBC) cut interest rates, but was trading with gains. The PBC also reduced the RRR by 50 bps to calm the markets.

    Check Sensex gainers and losers Other markets that saw gains were the Hong Kong's Hang Sang, the Korea Kospi and the KLSE composite.

    Sensex Opens Sharply Lower; Asian Markets Trade Steady
    Indices
    The Sensex was trading with losses of 154 points, while the Nifty was down 44 points in trade.
     

    The mid cap index was once again seeing deep cuts with stocks like Britannia, Concor and DLF among the major losers in trade. Shares in Indiabulls Real Estate shares fell more than 5 percent.

    Banking stocks were once again taking a bad hit with ICICI Bank, Yes Bank and State Bank among the major losers in early trade.

    IT stocks also continued to lose ground with HCL Tech and Infosys among the major losers. Metal stocks which saw a brief recovery in trade on Tuesday, once again saw deep cuts with Vedanta, Tata Steel and Hindalco among the losers.

    Meanwhile, the rupee was trading at 66.24 to the dollar against previous close of 66.1.

    GoodReturns.in

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more