Sensex Falls Over 700 Points In Early Session, Nifty Drops Below 8,400

The Indian stock market opened on a negative note on Wednesday amid weakness in global peers. Starting the new financial year in red, the equity benchmark BSE Sensex was trading 702 points, or 2.4 per cent lower, at 28,750. Similarly, the NSE Nifty slipped 210 points, or 2.5 per cent, to 8,380.

Top gainers in the Sensex pack include IndusInd Bank and PowerGrid. Whereas, the top laggards were Kotak Bank, SBI, Infosys, HDFC Bank, Tech Mahindra and UltraTech Cement.

On the global front, bourses in Hong Kong, Tokyo and Seoul were also trading in the red. However, the share market in Shanghai was trading on a positive note. Meanwhile, brent crude futures, the global oil benchmark, fell 0.76 per cent to USD 26.15 per barrel.

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In the previous session i.e. on Tuesday, the Sensex closed the financial year 2019-20 higher by 1,028.17 points or 3.62 per cent at 29,468.49. The Nifty rose 316.65 points, or 3.82 per cent, to close at 8,597.75.

(With PTI Inputs)

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