Sensex, Nifty open lower on global cues

Sensex, Nifty open lower on global cues

Sensex, Nifty open lower on global cues

Benchmark Sensex fell over 115 points while the Nifty closed below 10,600 today amid weak global cues and unabated foreign fund outflows. Markets in Asia opened lowered on Wednesday, following an overnight drop in USA stocks where the Dow fell more than 400 points.

The barometer 30-scrip Sensitive index (Sensex) of the BSE, which opened at 34,491.38 points, closed at 34,616.64 points - up 165.87 points or 0.48 per cent from its previous session's close.

This is published unedited from the PTI feed.

On the other hand, Wipro (3.30%), Infosys (2.49%), Tata Steel (1.23%), State Bank Of India (0.87%), Tata Consultancy Services (0.87%), Kotak Mahindra Bank (0.73%), and were the biggest losers in the Sensex.

The BSE IT index rose after rupee fell to a 14-month low of 66.825 against the dollar on bouts of month-end dollar demand from importers amid crude price volatility and rising U.S. bond yields.

Major gainers were Yes Bank, ICICI Bank, M&M, HUL, Axis Bank, ITC, RIL, Adani Ports, Maruti Suzuki, Dr Reddy's, ONGC, Sun Pharma and Bajaj Auto, rising up to 2 per cent.

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About 1,478 shares declined against 1,179 advancing shares on the BSE.

Among other Asian markets, Japan's Nikkei was up 0.67 per cent, while Hong Kong's Hang Seng index rose 1.20 per cent in early trade. The yield on the 10-year Treasury note climbed, settling just below the 3 per cent level.

The sanctions on Rusal had driven prices of the metal to their highest since mid-2011 recently on fears that the global market could face shortages.

Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 69, or 0.22 percent, to Rs 31,363 per ten grams in 223 lots.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 21.02 crore on a net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 111.01 crore last Friday, provisional data showed.

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