Markets trade lower on weak global trends
The Hindu
Mumbai stock market trends, US market influence, and top gainers and losers in a concise financial update.
Equity benchmark indices traded lower in early trade on Wednesday amid weak trends from the U.S. markets and selling in IT stocks.
Extending its previous day's decline, the 30-share BSE Sensex went lower by 229.04 points to 73,448.09. The Nifty slipped 63.15 points to 22,293.15.
Among the Sensex firms, Power Grid, Tata Steel, Wipro, Tech Mahindra, NTPC, State Bank of India and Bajaj Finserv were the laggards.
Kotak Mahindra Bank, ICICI Bank, Axis Bank, Nestle and Sun Pharma were among the gainers.
In Asian markets, Seoul and Tokyo quoted lower while Shanghai and Hong Kong traded with gains.
The US markets ended lower on Tuesday.
Global oil benchmark Brent crude climbed 0.13% to $82.15 a barrel.
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