Indian stock markets opened lower on Thursday. The BSE Sensex fell 126 points to 84,433.62 in early trade, while the Nifty slipped 33.55 points to 25,785. Bank and midcap indices also traded in the red.
Markets Open Lower: Sensex Down 126 Points, Nifty Starts in Red
Mumbai: Indian stock markets opened lower on Thursday. The BSE Sensex fell 126.03 points, or 0.15%, to 84,433.62, and the NSE Nifty slipped 33.55 points, or 0.13%, to 25,785. The Bank Nifty opened 106 points lower at 58,820. The Midcap index was also trading 77 points lower at 59,312.
In early trade, Infosys, Wipro, HCL Technologies, Tata Consultancy Services, and Shriram Finance were among the top gainers in the Nifty 50. Meanwhile, Sun Pharma, Tata Motors Passenger Vehicles, Bajaj Auto, M&M, and Eicher Motors shares were trading in the red. Bharti Airtel, Axis Bank, State Bank of India, and Reliance Industries were the major movers in the Sensex.
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Among the 30 companies in the BSE Sensex, the biggest losers were Sun Pharma, Tata Motors, Mahindra & Mahindra, NTPC, Bharat Electronics, and Maruti. HCL Tech, Tata Consultancy Services, Tech Mahindra, and ITC shares saw gains in early trade.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225, and Hong Kong's Hang Seng were trading lower, while China's SSE Composite was in positive territory. US markets closed lower on Wednesday. International benchmark Brent crude was trading at $60.07 per barrel, up 0.65%.
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Foreign institutional investors (FIIs) were net buyers of shares worth ₹1,171.71 crore in the previous trading session. Domestic institutional investors (DIIs) also bought shares worth ₹768.94 crore. Despite this investor activity, the market opened in the red in early trading.
