Here's how the Markets opened today
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Indian stocks fell for the third day on Wednesday as traders remained fence sitters ahead of the monthly expiry of futures contracts and major earnings mostly disappointed.The Nifty fell 30 points to trade at 8,203 in early deals. Axis Bank, Cairn, ICICI Bank, Adani Ports and Lupin were the top losers on the index while bit buying was observed on Kotak Bank, Asian Paints, GAIL, Bharti Airtel and BHEL. The
Axis Bank, M&M and Lupin were the top traded stocks on the Nifty. Unitech, Castex Technology and Vedanta were the other stocks on the top traded list. Kotak Bank was the top gainer on the Index while Axis Bank was the top loser.
Broader markets weakened further with the CNX 100, CNX 200 and the CNX 500 benchmarks dropping 0.3 percent each. Bit gains were observed on the small cap and the mid cap space. The sectoral space was mostly a victim to profit booking as well. Benchmarks tracking the Finance, banking, energy and pharma sectors lost between 0.3-0.9 percent.
Sentiment was weak on the Bombay Stock Exchange too with the Sensex dropping 122 points, or 0.5 percent, to 27,132 points. Tata Steel, Hindustan Unilever were among the gainers while Infosys, Bajaj Auto and Dr. Reddy's saw more sellers than buyers.
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Axis Bank, Maruti and Lupin were the top traded stocks on the Sensex. The Advance-Decline Ratio stood at 11/19.
Broader markets, however, saw bulls regaining strength with 1,040 shares gaining compared with 733 that fell.
The derivatives segment saw an evenly matched trade on the last day of the monthly expiry with 82 shares falling versus 83 that rose. SKS Micro, NCC and Strides Arcolab Futures were top gainers while futures of Bharat Forge and Petronet LNG saw short sales.
Image credit: Indiatimes
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