Globally, foreign institutional investors (FIIs) have been selling. Today, markets are down on account of basket-selling, said Vinay Khattar, head (research), Edelweiss.
Among the Sensex stocks , * Bharat Heavy Electricals (-3.02%) was the biggest loser. The power equipment maker on Wednesday reported 41% y-o-y decline in its net profit to Rs 695 crore. * Tata Consultancy Services (-1.65%), ICICI Bank (-1.49%) and Larsen & Toubro Ltd (-1.14%) were among other losers. Among sectoral indices, BSE Realty (-1.5%), BSE Capital Goods (-1.14%) and BSE Bankex (-0.66%) were the major losers.
Meanwhile, most Asian indices were trading in the green. Nikkei (0.45%), Hang Seng (0.20%), Kospi (0.88%) and Jakarta Composite (0.46%) were the major gainers.