In a mixed trend in global markets, the Sensex and Nifty turned choppy on Wednesday, tracking weakness in index heavyweights Reliance Industries, TCS, and HDFC Bank. The 30-share BSE benchmark was trading 27.41 points or 0.05 percent lower at 57,184.21 in early deals, after surging over 200 points in early trade. The Nifty of the National Stock Exchange fell 33.45 points, or 0.2 percent, to 17,069.10. Dr Reddy’s, Titan, Sun Pharma, Reliance Industries, TCS, and HDFC Bank were among the Sensex’s biggest losers.
PowerGrid, NTPC, Infosys, and Wipro, on the other hand, were among the gainers. Seoul, Tokyo, and Hong Kong were all quoting lower in Asian markets. On Tuesday, stock exchanges in the United States surged higher in overnight trading. The BSE benchmark fell 84.88 points, or 0.15 percent, to 56,975.99 on Monday, while the Nifty dropped 33.45 points, or 0.20 percent, to 17,069.10.
The stock market was closed on Tuesday in observance of Eid-ul-Fitr.
Meanwhile, Brent crude, the international oil benchmark, rose 1.08 percent to USD 106.10 per barrel.
According to stock exchange data, foreign institutional investors sold shares worth Rs 1,853.46 crore on Monday.
