Despite positive global cues, the market opened higher on Wednesday morning. At 09:16 IST, the Sensex was down 377.58 points or 0.72 per cent at 52154.49, and nifty It was down by 119.80 points or 0.77 per cent at 15519.
top gainers and losers
On the other hand, Dr Reddy’s, HUL, Asian Paints, Bajaj Auto, Maruti and Sun Pharma were among the gainers on the two benchmarks.
Among the broader markets, BSE Midcap and Smallcap indices were in negative territory, falling up to 0.8 per cent. Sector-wise, Nifty Oil & Gas, Metals, Realty, Banks were the biggest losers, falling 1-3 per cent. On the other hand, Defensive Pharma and FMCG saw marginal gains.
Among the stocks, Jain Irrigation Systems rose over 12 per cent after the company merged its international irrigation business with Rivulis Pte Ltd, a part of Singapore’s Temasek Group, to form a global irrigation and climate major. announced plans to merge and reduce the company’s debt.
global signal
Asian shares slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a major focus for investors, while the Japanese yen hit a 24-year low against the dollar. reached at.
Tokyo shares rose on Wednesday as investors opened heart to Wall Street after losing last week on inflation fears. The benchmark Nikkei 225 index was up 0.67 per cent or 175.54 points at 26,421.85 in early trade, while the broader Topix index was up 0.70 per cent or 13.07 points at 1,869.27.
Major Wall Street indices jumped more than 2 percent on Tuesday as investors bought shares of mega-cap growth and energy companies after the stock market swooped last week on concerns of a global economic slowdown. The Dow Jones Industrial Average rose 641.47 points, or 2.15 per cent, to 30,530.25 and the S&P 500 rose 89.95 points, or 2.45 per cent, to 3,764.79. The Nasdaq Composite ended 270.95 points, or 2.51 per cent, higher at 11,069.30.
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