Equity benchmark Sensex dropped over 130 points in early trade on Wednesday amid a subdued trend in global markets.
After opening on a positive note, the market turned choppy in early deals. The 30-share BSE index was trading 131.71 points or 0.22 per cent lower at 58,721.36 points.
Similarly, the broader NSE Nifty fell 37.45 points or 0.21 per cent to 17,487.65 points.
NTPC was the top loser in the Sensex pack, shedding 2.42 per cent, followed by Wipro, Bajaj Finance, HCL Tech, Infosys and Tech Mahindra.
On the other hand, ICICI Bank, Sun Pharma, Nestle India, HUL, Reliance Industries and Maruti were among the gainers.
In the previous session on Monday, the BSE index ended 465.14 points or 0.80 per cent up at 58,853.07 points. Likewise, the broader NSE Nifty had advanced 127.60 points or 0.73 per cent to 17,525.10 points.
Equity markets were closed on Tuesday on account of 'Muharram'.
ALSO READ: Q1 FY23: OMCs bleed due to marketing losses
Elsewhere in Asia, stocks in Tokyo, Hong Kong, Shanghai and Seoul were trading in the red in mid-session deals.
Equities on Wall Street ended in the negative zone in the overnight session.
International oil benchmark Brent crude was trading 0.21 per cent lower at $96.11 per barrel.
Foreign institutional investors (FIIs) were net buyers in the Indian capital market as they purchased shares worth ₹1,449.70 crore on Monday, as per provisional exchange data.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.