The equity market opened weak and then traded in the negative territory on Wednesday morning, tracking weak global cues. The investors were on wait-and-watch mode in morning trade, anticipating the minutes of the US Federal Reserve’s latest policy meeting which were due later on Wednesday.
BSE Sensex declined 174 points to 61,119.75 while NSE Nifty50 dropped 56 points to 18,175.75 at 9.46 am local time on Wednesday morning. Some of the stocks active on BSE that went up were Jindal World, Equitas Bank, Surya Rosni, NFL and RCF. Bajaj Hindusthan Sugar, National Aluminium, Hindalco, Jindal Saw and Lloyd Steel were some of the laggards.
HDFC Life, Sun Pharma, SBI Life, Divis Lab and ICICI Bank were some of the active stocks that went up on BSE while Hindalco, JSW Steel, Tata Steel, ONGC and Tata Motors were some of the laggards on NSE. In Asian markets, Japan’s Nikkei was down 369 points, Hong Kong’s Hang Seng was up 409 points, China’s Shanghai SE surged 9 points while S&P ASX was up 99 points on early session on Wednesday.(ANI)
