The Indian equities benchmark opened negative in early trade, according to Nifty futures traded on the Singapore Exchange. The BSE even slipped by 113.95 points. At 9:21 am, the BSE Sensex was up marginally, trading 8.73 points, or 0.01 percent higher at 59,728, while the Nifty 50 Index was trading 0.45 points at 17,816.
Among broader sector indices, the Nifty Midcap 50 Index traded up 0.51 percent at 8,724, while the Nifty Midcap 100 Index traded down 0.61 percent at 32,151. Aside from banking, financial services and IT stocks, all other sector indices traded in the green.
US stocks ended lower on Tuesday as investors feared the US Federal Reserve’s interest rate hike. The S&P500 index was down 43.96 points, or 1.1 percent, to 3,855, while the Dow Jones Industrial Average was down 313.45 points, or 1 percent, to 30,706. While the Nasdaq fell 109.97 points, or 1 percent, to 11,425, the Russell 2000 index of smaller companies slipped 25.34 points, or 1.4 percent, to 1,787.50.
Asian shares traded lower in early trade on Wednesday. Tokyo’s Nikkei 225 slipped 1.39 percent, while South Korea’s KOSPI slipped 0.90 percent. Singapore’s Hang Seng Index traded 1.48 percent lower. China’s Shanghai Composite fell 0.43 percent, while Shenzhen Component slipped 0.91 percent.
Mahindra & Mahindra, Hindustan Unilever Limited, Nestle India, Maruti, Tata Steel Limited, Bharti Airtel, Bajaj Finance, PowerGrid, Titan and Dr. Reddy were among the top gainers, while IndusInd Bank, HDFC, Infosys, Tata Consultancy Services (TCS), ICICI Bank, Kotak Bank, NTPC and HCL Tech were among the top losers.
