Lagatar24 Desk
Mumbai, Jan 19: Taking cues from global markets, Indian equity indexes began trading in the negative zone on Wednesday. As U.S. Treasury yields rose to new two-year highs and investors became worried by a worldwide technology company sell-off, Asian stocks suffered.
Back at home, the 30-share BSE Sensex was down 253 points, or 0.42 percent, at 60,502, while the broader NSE Nifty was down 77 points, or 0.42 percent, at 18,037 as of 9:18 a.m.
Mid- and small-cap stocks were under pressure, with the Nifty Midcap 100 index down 0.76 percent and small-cap stocks falling 0.58 percent.
On a stock-by-stock basis, Wipro was the worst performer on the Nifty, falling 1.40 percent to Rs. 624.45. Among the laggards were IndusInd Bank, Shree Cement, HDFC Life, and Tech Mahindra.
ONGC, Bajaj Finance, Tata Steel, Coal India, and Mahindra & Mahindra, on the other hand, were among the gainers.
On the BSE, the total market breadth was negative, with 1,134 shares advancing and 1,418 decreasing.
Wipro, Infosys, IndusInd Bank, Tech Mahindra, Sun Pharma, and HCL Tech suffered the greatest losses on the 30-share BSE platform, with their shares falling as much as 1.67 percent in early trade.
Among the gainers were Bajaj Finance, Tata Steel, Bajaj Finserv, Maruti, Reliance Industries, and PowerGrid.
On Tuesday, the benchmark BSE Sensex fell 554 points, or 0.90 percent, to conclude at 60,755, while the broader NSE Nifty down 195 points, or 1.07 percent, to 18,113.
