Last Updated: May 03, 2023, 09:37 IST
Sensex Today: Equity benchmark indices opened decrease on Wednesday morning monitoring losses in international markets on renewed fears of a banking disaster forward of US Fed’s coverage choice later right this moment.
The BSE Sensex fell 270 factors to 61,150, and the NSE Nifty50 slipped 72 factors to 18,075.
Axis Bank, Infosys, Tech M, Bajaj Finserv, TCS, HCL Tech, ICICI Bank, SBI and RIL led losses on the Sensex, whereas Hindalco and JSW Steel had been the highest Nifty losers.
On the flip facet, Asian Paints, Nestle, HUL, NTPC, Power Grid, BPCL and Tata Motors had been among the many handful of frontline gainers.
The broader markets opened tepid. The BSE MidCap and SmallCap indices had been practically flat versus losses in BSE Sensex.
Stocks of aviation majors IndiGo and SpiceJet gained 6 per cent and three per cent, respectively, following the insolvency submitting by Wadia-owned Go First, which was pushed by a money crunch as a result of grounding of practically half its 57 plane.
Sectorally, Nifty IT and PSB indices dropped 1 per cent every. Media and Realty indices had been the one pockets in inexperienced.
Global Cues
Overnight within the US, banking shares declined as traders fret over the soundness of small regional banks. The Dow Jones fell 1.08 per cent. The S&P 500 shed 1.16 per cent and the Nasdaq Composite dropped 1.08 per cent.
In Asia, Strait instances, S&P/ASX 200, Hang Seng and Kospi fell 0.7-1 per cent. Markets in Japan and mainland China are closed for a vacation.
In the commodity market, Brent crude was at $75 per barrel after a decline of 5 per cent Tuesday on demand worries.
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