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Benchmark Indian equity indices were trading in the green on Thursday, tracking overnight gains on Wall Street.
Sensex Today
After opening higher, benchmark indices Sensex and Nifty fell in the trade on Thursday. The investors look forward to a series of blue-chip earnings for new market cues amid ongoing foreign fund outflows.
The BSE Sensex shed as many as 494.75 points or 0.61 per cent to end at 81,006.61 levels. Similarly, the NSE Nifty50 also ended in red at 24,749.85, down 221.45 points or 0.89 per cent.
Bears roared on the D-street, with 41 out of 50 constituent stocks of Nifty50 ending in red, dragged by Bajaj Auto, Shriram Finance, Nestle India, Mahindra & Mahindra, and Hero MotoCorp, with losses extending up to 13.11 per cent.
On the flip side, Bajaj Auto (down 7.44 per cent), followed by Hero MotoCorp, Mahindra & Mahindra, Eicher Motors, and Maruti Suzuki India were the top drags.
Among sectoral indices, the Auto index was the top laggard, falling over 2 per cent. Financials, FMCG, Media, and Realty indices were also trading in the red, while the IT, Metal, Pharma and PSU Bank indices were ahead.
The Broader markets were mixed, with the Nifty Midcap 100 down 0.15 per cent and the NIfty Smallcap up slightly by 0.04 per cent.
Global Cues
Meanwhile, the Asia-Pacific markets were trading higher on Thursday, buoyed by gains on Wall Street, where the Dow Jones Industrial Average hit a record close.
Mainland China’s Shanghai Composite was up 0.7 per cent, and the CSI 300 was ahead by 0.92 per cent, while the Hong Kong’s Hang Seng was up by 1.97 per cent.
In Japan, the Nikkei 225 was down 0.5 per cent, and the broader Topix index remained relatively flat.
Japan’s exports fell by 1.7 per cent in September compared to the same month last year, surprising economists who had forecasted a 0.5 per cent growth. Imports also fell short of expectations, growing by 2.1 per cent in September instead of the anticipated 3.2 per cent, down from August’s 2.3 per cent growth.
In Australia, the S&P/ASX 200 rose 0.77 per cent, while South Korea’s Kospi was down 0.12 per cent, while the small-cap Kosdaq dipped by 0.3 per cent.
US stocks had ended higher in opposition to their global counterparts on Wednesday, and crude extended its decline on projected softening demand.
