Sensex, Nifty Edge Lower; Tech Mahindra, HCL Tech Among Top Drags

The Indian equity benchmarks on Wednesday edged lower in a highly volatile trading session.

New Delhi: The Indian equity benchmarks on Wednesday edged lower in a highly volatile trading session. Asian stocks slipped following a mixed Wall Street session as higher U.S. Treasury yields weighed on global tech firms and pushed the dollar to a five-year high against Japan's yen.

Back home, as of 9:36 am, the 30-share BSE Sensex pack was down 78 points or 0.13 per cent at 59,778 and the broader NSE Nifty moved 19 points or 0.11 per cent lower to 17,786.

Mid- and small-cap shares were weak as Nifty Midcap 100 index was down 0.31 per cent and small-cap shares were trading 0.61 per cent lower.

On the stock-specific front, HCL Tech was the top Nifty laggard as the stock dived 1.55 per cent to Rs 1,312.75. Tech Mahindra, Infosys, Wipro and Reliance Industries were also among the losers.