Major stock index Sensex fell over 250 points in early trade on Wednesday, led by losses in big stocks like HDFC Bank, Reliance Industries and Infosys amid a negative trend in global markets. At 10.35 in the morning, the Sensex was recording a decline of 514.02 points or 0.98% and the index was trading at the level of 52,064.74. At the same time, Nifty was trading at the level of 15,594.70 with a fall of 151.75 points or 0.96% during this period.
In the opening, the 30-share BSE index was trading 259.75 points or 0.49 per cent lower at 52,319.01, while the broader NSE Nifty fell 77.15 points or 0.49 per cent to 15,669.30. At the same time, today the rupee has opened up. The rupee had gained four paise to 74.43 against the US dollar in early trade.
The biggest one percent fall in the Sensex was in Nestle India. Apart from this, Dr Reddy’s, HDFC Bank, Axis Bank, Kotak Bank, TCS, Reliance Industries and Infosys were also in the red. On the other hand, IndusInd Bank, Bharti Airtel, Tata Steel and HUL saw gains.
In the previous session, the Sensex was down 273.51 points or 0.52 per cent at 52,578.76 and the Nifty fell 78 points or 0.49 per cent to end at 15,746.45. Foreign institutional investors (FIIs) sold shares worth Rs 1,459.08 crore on a gross basis on Tuesday, according to provisional data of the stock market.
Meanwhile, international oil benchmark Brent crude rose 0.54 percent to $ 73.92 per barrel.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)