Sensex sheds over 50 points in early trade, Nifty down at 12,184 (Photo Credit: File Photo - PTI Image)
Indian stock markets on Thursday opened in the red. Market benchmark BSE Sensex was trading lower by 51.28 points or 0.12 per cent at 41,514.62 in early trade while the NSE barometer Nifty was down 16.55 points or 0.14 per cent at 12,184.65. According to a report of PTI, both key indices were in the red primarily due to the emergence of selling in financial and auto stocks.
In the Sensex pack, top laggards were HCL Tech, IndusInd Bank, Kotak Mahindra Bank, Maruti Suzuki and Tata Motors. Whereas, ICICI Bank, Kotak Mahindra Bank and HDFC were the top drags on the Sensex. On the other hand, Yes Bank, Zee Entertainment, SBI, Titan and Dr Reddy's were the top Nifty gainers.
It is worth mentioning here that the Indian rupee was trading lower by 8 paise at 71.41 against the US dollar in opening deals on Thursday. Meanwhile, Asian stocks were trading mixed as coronavirus concerns continued to impact investor sentiment globally.
On Wednesday, ahead of the release of IIP and inflation data, the Sensex had settled 349.76 points, or 0.85 per cent, higher at 41,565.90. The Nifty had clocked 93.30 points, or 0.77 per cent, gains to settle at 12,201.20.