Markets open lower, Sensex down 110 points, Nifty in red at 19,787

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Markets open lower, Sensex down 110 points, Nifty in red at 19,787


Image Source : FILE Business inventory alternate constructing

As the buying and selling session commenced on Wednesday, home equities launched into a comparatively flat observe amid a backdrop of market volatility. The benchmark BSE Sensex index skilled a slight dip, down by 39.71 factors or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was buying and selling 5.35 factors decrease, a decline of 0.03%, at 19,816.85.

Broad markets outperform key indices

Today, broader markets demonstrated resilience and outperformed the important thing indices. The Nifty Smallcap 50 index confirmed a sturdy surge of 0.88%. Furthermore, Nifty Smallcap 100 recorded a achieve of 0.62%, whereas Nifty Smallcap 250 noticed a rise of 0.43%. The Nifty Microcap 250 index additionally skilled an upward development, rising by 0.59%, and the Nifty Midsmallcap 400 surged by 0.30%.

Sectoral efficiency

In the sectoral panorama, the media index exhibited substantial development, marking a 0.96% enhance. Nifty Metal registered a major achieve of 0.77%, whereas Nifty Pharma superior by 0.69%. Moreover, the Nifty Healthcare Index witnessed an upswing of 0.51%. Other notable sectoral performers included Nifty PSU Bank, with a achieve of 0.36%, and the auto index, climbing by 0.24%.

Stocks impacting the market

Several shares exerted downward strain on the important thing indices in the course of the morning buying and selling session. These included Bajaj Finance, PowerGrid, Apollo Hospitals, ICICI Bank, LTI Mindtree, HDFC Bank, Tata Consumer, Bajaj Finance, NTPC, Kotak Mahindra Bank, Hindustan Unilever, NTPC, L&T, and Asian Paints.

On the flip facet, there have been notable gainers, comparable to Cipla, Dr. Reddy’s, Hindalco, Sun Pharma, Tata Motors, ITC, Divis Lab, HDFC Life, Bajaj Auto, Eicher Motors, JSW Steel, Infosys, (*110*) India, ONGC, BPCL, and Grasim.

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