ANI
25 Jan 2023, 10:25 GMT+10
Mumbai (Maharashtra) [India], January 25 (ANI): Indian equity markets on Wednesday opened with losses. Though the global markets opened stronger, selling pressure in banking and IT stocks kept indices close to the flatline in the early trade.
Key index BSE Sensex dropped 146 points to 60,831.89 level while Nifty fell 43 points to 18,082.40 level at 9.20 am on Wednesday.
Some of the most active stock that went up in morning trade were Nazara Tech, Car Trade, Sharda Corp, CG Power and Elecon Engineering on BSE. Pidilite Industries, Sindhu Trade, United Spirits, Solar Industries and Motiwal Oswal were some of the laggards in morning trade.
"Mirroring robust global peers, the domestic market extended previous gains driven by auto stocks. However, due to selling pressure in banking shares, the indices anchored close to the flatline. Auto stocks were in focus prior to the earnings results of the sector major. Hopes of a soft landing of the US economy along with the anticipation of a lesser rate hike boosted global bourses," Vinod Nair, Head of Research at Geojit Financial Services.
BSE Auto index was trading in the green on Wednesday morning trade while almost every index on BSE was trading in the red on Wednesday morning.
In the Asian markets, Japan's Nikkei rose 39 points, Hong Kong's Hang Seng went up 393 points and China's Shanghai rose 24 points on Wednesday morning.
In European markets, FTSE dropped 27 points, CAC was trading in the green while Deutsche was down 9 points. In US markets, Dow Jones surged 104 points, Nasdaq declined 30 points, SP dipped 2 points while Refinitiv United States was in the negative territory.
On Tuesday, BSE Sensex rose 37.08 points and settled at 60,978.75 while the Nifty 50 index ended flat at 18,118.30.
On Tuesday, European markets tumbled with investors digesting the latest flash purchasing managers' index data from the euro zone in January.
Shares of Maruti Suzuki India on Tuesday gained 3.27 per cent. Its standalone net profit zoomed 132.5 per cent to Rs 2,351.3 crore on 25.52 per cent jump in net sales to Rs 27,849.2 crore in Q3 FY23 over Q3 FY22.
On Tuesday, shares of Colgate-Palmolive (India) fell 2.06 per cent. The company reported a 3.6 per cent decrease in net profit to Rs 243.24 crore in the third quarter from Rs 252.33 crore posted in Q3FY22.
Shares of Tata Communications tumbled 4.26 per cent. The company's consolidated net profit declined marginally to Rs 393.88 crore in Q3 FY23 from Rs 395.21 crore posted in Q3 FY22. (ANI)Get a daily dose of Mexico City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico City Sun.
More InformationRepresentatives of women's organizations and networks that were part of the first delegation of gender experts at the talks in Havana...
The 17th BRICS summit was more than a photo op. It was a coordinated rejection of Western power and a declaration of intent A few...
President Lula da Silva has pushed back, vowing reciprocal action and defending the countrys court system US President Donald Trump...
President Lula da Silva has pushed back, vowing reciprocal action and defending the country's court system ...
(Photo credit: Vincent Carchietta-Imagn Images) Inter Miami CF are reportedly in talks to sign Atletico Madrid midfielder Rodrigo...
Chandigarh (Punjab) [India], July 10 (ANI): Punjab Chief Minister Bhagwant Mann on Thursday welcomed Prime Minister Narendra Modi's...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
Vancouver [Canada], July 11 (ANI): Canadian journalist Daniel Bordman called the attack on a cafe owned by comedian Kapil Sharma a...
The package could reportedly include Patriot air defense missiles US President Donald Trump will for the first time use his authority...
The package could reportedly include Patriot air defense missiles US President Donald...
The 17th BRICS summit was more than a photo op. It was a coordinated rejection of Western power and a declaration of intent A few...
NEW YORK, 10th July, 2025 (WAM) -- The United Nations Special Envoy to Yemen, Hans Grundberg, expressed deep concern over the recent...