Indian markets opened cautious ahead of the GST panel meet in Srinagar starting from tomorrow and the mixed sentiments about the corporate earnings to be announced later today. BSE Sensex opened above 30,600 but fall down to a low of 30,519.14 in the wee hours of trade, while Nifty 50 which opened above 9,510 also plummeted to a low of 9,489.7 points. The stocks in focus today are Tata Steel, HUL, Bajaj Finance, Bajaj Finserv, United Breweries and UFO Moviez.
Meanwhile, US share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the US president’s ability to push through an aggressive stimulus programme that investors had been banking on since his election last November.US economic data published on Tuesday was mixed after soft retail sales and inflation data on Friday, also undermining investors’ optimism on the US economy.
Here are the live updates:
09:50 am: Markets remain subdued, BSE Sensex regains 30,600 up 0.08% or 23.29 points at 30,605.99 while NSE Nifty down 0.03% at 9,509.35 points.
09:35 am: HUL shares hit a fresh all-time high at Rs 1,004 on Nifty 50 ahead of the Q4 earnings to be announced later today while Tata Steel shares trade extend the morning gains, up 4% at Rs 474.95.
09:15 am: Markets opened higher above the yesterday’s record closing, BSE Sensex up 0.11% at 30616.53 points while Nifty 50 up 0.09% at 9,517.6 points. Tata Steel (up 2.95%) lead the gains on NSE Nifty 50 despite reporting a consolidated loss of Rs 725 crore for March quarter.
With inputs from Reuters