Domestic equity markets opened lower on Wednesday, with benchmark indices declining in the third trading session of the week. The Sensex opened 0.61% lower, while the Nifty 50 began trading with a 0.82% decline.
The BSE Sensex opened at 76,471.32, down 472.96 points or 0.61%. The National Stock Exchange’s Nifty 50 index opened at 23,858.00, falling 197.80 points or 0.82%.
The Indian stock market had also closed lower on Tuesday. At the start of Wednesday’s session, selling pressure was seen across the market, with shares of companies in the IT, banking, auto, power and FMCG sectors among those trading lower.
All 30 stocks in the Sensex opened lower on Wednesday. IndiGo recorded the steepest decline among the Sensex constituents, opening 2.19% lower. Infosys followed with a 1.69% decline, while NTPC and Asian Paints opened 1.54% and 1.35% lower, respectively.
BEL opened 1.33% lower, while Mahindra & Mahindra declined 1.25%. Bajaj Finance and Bajaj Finserv opened 1.24% and 1.23% lower, respectively.
TCS opened 1.16% lower, while HDFC Bank declined 1.10%. ICICI Bank opened 0.76% lower and Axis Bank declined 0.62%.
Among other major stocks, Tata Steel opened 0.95% lower, Maruti Suzuki declined 0.93%, SBI fell 0.90%, Eternal declined 0.87%, and Hindustan Unilever opened 0.85% lower.
UltraTech Cement opened 0.82% lower, while Mahindra & Mahindra declined 1.25%.
Reliance Industries opened 0.65% lower, while Bharti Airtel declined 0.49% and Adani Ports fell 0.46%.
Sun Pharma opened 0.44% lower, HCL Tech declined 0.31%, Power Grid fell 0.30%, and Tech Mahindra declined 0.12%. Trent recorded the smallest decline among the Sensex constituents, opening around 0.04% lower.
