Stock markets open in red with Sensex down by over 80 points amid weak global cues

Stock markets replace: After three consecutive days of constructive rally, the inventory markets of Wednesday as soon as once more opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early commerce. Meanwhile, the Nifty fell by 27 points to 21,517.85. 

Among the Sensex corporations, NTPC, Power Grid, Bajaj Finserv, State Bank of India, JSW Steel, Tata Steel, Larsen & Toubro and Axis Bank had been the main laggards.

HCL Tech, Titan, Nestle, ICICI Bank, IndusInd Bank and Tata Consultancy Services had been among the many gainers. 

In Asian markets, Tokyo traded in the inexperienced whereas Seoul, Shanghai and Hong Kong had been quoting decrease. The US markets ended principally decrease on Tuesday.

Foreign Institutional Investors (FIIs) offloaded equities price Rs 990.90 crore on Tuesday, in keeping with trade information. Global oil benchmark Brent crude climbed 0.22 per cent to USD 77.76 a barrel.

Rupee falls towards greenback 

The rupee depreciated 4 paise to 83.17 towards the US greenback in early commerce on Wednesday amid promoting of equities by overseas buyers and an upward motion in crude oil costs. Subdued sentiment in the home fairness markets additionally weighed on the Indian foreign money, foreign exchange merchants mentioned.

At the interbank overseas trade, the home foreign money opened at 83.13 and slipped to 83.17 towards the buck, down 4 paise from its earlier shut.

((*80*) PTI inputs)

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