Business

Stock Markets Fall In Early Trade As Global Trends Deteriorate

Equity benchmark indices opened lower on Wednesday following a bearish trend in the global markets as investors decided to stay on the sidelines ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes in the United States.

The 30-share Sensex slid 251.26 points to 61,730.53, capping a three-day rise. The Nifty fell 78.3 points to 18,269.70.

Among the Sensex companies, the top laggards were ICICI Bank, HDFC Bank, HDFC, Mahindra & Mahindra, Bajaj Finserv, UltraTech Cement, Asian Paints, and Tata Motors.

Among the winners were Power Grid, Kotak Mahindra Bank, Maruti Suzuki India, Tech Mahindra, ITC, and NTPC.

Seoul, Tokyo, Shanghai, and Hong Kong were trading down on Asian markets.

On Tuesday, the US stock market closed in the red.

Also read: JioMart Announces Layoffs, With 1,000 Employees and 500 Executives Asked to Resign, Says Reports

Meanwhile, the global oil benchmark Brent crude rose 0.91 percent to USD 77.54 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) acquired securities worth Rs 182.51 crore.

Market players are anticipating the release of the FOMC meeting minutes on Wednesday.

On Tuesday, the BSE benchmark closed at 61,981.79, up 18.11 points or 0.03 percent on Tuesday. The Nifty rose 33.60 points or 0.18 percent to18,348.

Also read: Over 800 Million People Globally May Suffer Back Pain By 2050: Lancet Study

Spriha Rai

Recent Posts

Maha Kumbh 2025: Yogi Government’s Strategic Coordination Ensures Timely Preparations

For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…

8 hours ago

In Special Gesture, Kuwait’s Prime Minister Sees-Off PM Modi At Airport After Conclusion Of Historic Visit

Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…

9 hours ago

Maha Kumbh 2025: Shri Panchdashnam Aawahan Akhara Makes Grand Entry Into Maha Kumbh City

Maha Kumbh 2025 with preparations for the Maha Sammelan are in full swing as 13…

10 hours ago

India’s Unifying Initiative: MRM Declares Bhagwat’s Message As The Foundation Of National Unity

The MRM strongly endorsed Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat’s statement on temple-mosque disputes.…

10 hours ago

Maha Kumbh-2025: Prayagraj Mela Authority Deploys Advanced Sanitation Technology

For Maha Kumbh-2025, the Prayagraj Mela Authority has made extensive preparations to provide a clean…

11 hours ago

PM Narendra Modi To Attend Christmas Celebrations At CBCI In New Delhi

Prime Minister Narendra Modi is all set to attend the Christmas celebrations at CBCI Centre…

11 hours ago