Markets open on negative note

The Sensex touched a high of 35,198.08 and a low of 35,134.20 points.

Markets open on negative note

New Delhi: Markets opened on a negative note on Wednesday. The benchmark BSE Sensex fell 82.12 points, or 0.23 percent, to 35,134.20 in early trade.

On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,693.35 points after closing at 10,717.80 points.

The Sensex touched a high of 35,198.08 and a low of 35,134.20 points.

Sectoral indices led by oil and gas, PSU, banking, realty, auto, capital goods and power declined by up to 0.83 percent. The Sensex had gained 300.94 points in the previous two sessions.

The laggards were ICICI Bank, HDFC, SBI, Axis Bank, Bharti Airtel and Adani Ports, falling up to 1.46 percent.

However, IT stocks spurted after the rupee depreciated against the dollar. TCS rose 0.86 percent, Infosys 0.59 percent and Wipro 0.06 percent.

Meanwhile, on a net basis, foreign institutional investors (FIIs) sold shares worth Rs 97.15 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 923.25 crore in yesterday's trade, provisional data showed.

Among other Asian markets, Hong Kong's Hang Seng shed 0.04 percent, while Shanghai Composite Index lost 0.16 percent in early trade. Japan's Nikkei fell 0.43 percent.
The US Dow Jones Industrial Average, however, edged up 0.01 percent in yesterday's trade.

With PTI Inputs

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