BSE Sensex climbed 82.36 points to 59,113.66 in early trade, later fell in negative territory
BSE Sensex climbed 82.36 points to 59,113.66 in early trade, later fell in negative territory
Equity benchmarks gave up early gains on Wednesday and were trading lower later in tandem with weak global markets.
The 30-share BSE Sensex rose 82.36 points to 59,113.66 in early trade, which later fell in negative territory. Similarly, the broader NSE Nifty was up 27.9 points at 17,605.40 in early trade but failed to carry the momentum.
Both the benchmark indices were trading lower later, with the Sensex down 146.56 points at 58,884.74 and the Nifty falling 43.95 points at 17,533.55.
From the Sensex pack, Asian Paints, Titan, Larsen & Toubro, Maruti, Hindustan Unilever, Nestle, Tata Steel, Bharti Airtel and State Bank of India were the major laggards.
On the other hand, IndusInd Bank, Sun Pharma, Reliance Industries, ITC and Power Grid were among the gainers.
In Asia, markets in Shanghai, Tokyo and Hong Kong declined, while Seoul traded in the green in mid-session deals.
Wall Street closed lower on Tuesday.
On Tuesday, the BSE benchmark climbed 257.43 points or 0.44% to end at 59,031.30. Nifty rose 86.80 points, or 0.50%, to 17,577.50.
Meanwhile, international oil benchmark Brent crude fell 0.40% to $99.82 a barrel.
Foreign institutional investors (FIIs) bought shares worth Rs 563 crore on Tuesday, according to exchange data.