Opening Bell: Sensex Falls Over 100 Points To 40,556.03 In Early Trade, Nifty Down By 36.90 Points

Domestic stock markets on Wednesday opened on a lower note tracking sharp losses in Asian markets amid growing uncertainties about US-China trade deal talks. It is to be noted that in the early trade, the 30-share BSE gauge Sensex was down 119.42 points or 0.29 per cent to 40,556.03. Similarly, the 50-scrip NSE Nifty fell 36.90 points or 0.31 per cent to 11,957.30.

Tata Motors and ICICI Bank were the top gainers in the Sensex pack. Whereas, YES Bank Tata Steel, Vedanta, and Larsen & Toubro emerged as the top losers. On the other hand, Nifty Metal and Nifty PSU Bank were the top losers while Nifty IT emerged as the top gainer.

It is worth mentioning here that the investors seem to be taking a cautious stance ahead of Reserve Bank's monetary policy outcome, which is due on Thursday. Meanwhile, on the currency front, the Indian rupee was trading 10 paise lower at 71.76 to the US dollar in early deals.

Also, Asian stocks were trading sharply lower as investors turned more anxious seeing no breakthrough coming soon in US-China trade deal logjam.

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On Tuesday, the BSE Sensex settled at 40,675.45, down 0.31 per cent or 126.72 points; while, the Nifty closed at 11,994.20, showing a dip of 0.45 per cent or 54 points. Exchange data showed foreign institutional investors (FIIs) sold equities worth Rs 1,131.12 crore on Tuesday.

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