Market opens It is a negative start on D-Street, with the Sensex falling over 150 points, while the Nifty tested 10,600.
The Sensex is down 155.73 points or 0.44% at 35314.42, while the Nifty is down 51.00 points or 0.48% at 10612.50. The market breadth is negative as 223 shares advanced, against a decline of 259 shares, while 39 shares were unchanged.
All sectoral indices are trading in the red, with maximum cuts visible among automobiles, IT, metals and pharma seeing the most pain. The Nifty Midcap index is almost half a percent lower.
Asian Paints, Yes Bank, IOC and BPCL were the top gainers, while HUL, Tata Steel, and Hindalco lost the most.
ASIA UPDATE Global stock markets were heading into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic momentum.
Asian equities were shaky on Wednesday following the plunge in Wall Street on Christmas eve in the face of a series of unnerving US political developments, including a US federal government shutdown and President Donald Trump’s increasingly hostile stance toward the Federal Reserve chairman.
US Treasury Secretary Steven Mnuchin had also raised market concerns by convening a crisis group amid the pullback in stocks.
S&P 500 e-mini futures were effectively flat, pointing toward a subdued start for Wall Street when the US market reopens after Christmas Day, when many of the world’s financial markets were shut.
Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-plunges-400-points-nifty-around-10550-crude-oil-prices-near-50bbl-3324531.html
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