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Here's how the markets opened today!

Here's how the markets opened today!
Stock Market2 min read
Indian stocks remained under selling stress on Wednesday as weak overseas cues from Wall Street and less than satisfactory data on Chinese manufacturing spiked sentiment further on Dalaal Street. Metals, Fertilisers and Telecom stocks were under pressure.

The Nifty fell 58 points to 7,754, recovering from its early morning low of 7,725 points. Hindalco, Vedanta, Coal India, Tata Motors and Yes Bank were the top five losers on the Index where the lone gainer was Wipro. The first 3 slots on the top traded list were held by Motherson Sumi, Maruti and Larsen & Toubro on the National Stock Exchange.

The broader market was under selling pressure too with CNX 100, CNX 200 and CNX 500 Indices slipping about 0.5 percent each. Modest losses were also seen on CNX Mid Cap and CNX Small Cap indices as well. Sectoral indices, too, showed losses. Benchmarks representing the metals, banking, finance and pharma sectors lost between 0.5 percent and 1.2 percent on the National Stock Exchange.

Bit selling was also seen on the Bombay Stock Exchange where the Sensex dropped 0.5 percent to 25,514 points. Tata Steel, Axis Bank, Lupin and HDFC slipped in trade. Gainers included NTPC and Mahindra and Mahindra on the Sensex where the Advance-Decline Ratio was 4:26.

Larsen, Tata Steel and Tata Motors were the top traded stocks on the Sensex.

Image credit: Indiatimes

The wider market on the BSE saw 844 shares dropping below Tuesday's closing prices compared with 640 that rose in early deals.

The mood was bearish on the futures and options segment where the last stage of the monthly expiry of contracts pans out. However, there were some notable winners against the backdrop of the bear grip with futures such as JP Power, Just Dial and Amtek Auto showing up on the winners' list. JSW Steel, Bata and Bosch remained under selling pressure on the market where just 51 futures rose compared with 108 that fell.

Chambal Fertilisers and Aptech were the notable stocks on the top volume buzzers list on the NSE. And figuring on the 52 week lows list were Hindalco, Coal India, Care Ratings and Gujarat Gas.

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