Markets Continue to Trade in Red Over LTCG Tax, Global Cues; Sensex Over 340 Points Down, Nifty Falls Over 110 Points
Mumbai, Jan 17: The Indian markets were rallying in the opening trade on Wednesday as both Sensex and Nifty were volatile. Even as the key equity indices opened in the green, they fell in the initial few minutes into the red. At 9:34 am, the 30-share BSE Sensex was down by over 50 points at 34,718. The broader NSE Nifty that opened above 10,700, was down by over 30 points to 10,667.
GAIL, Sun Pharma, TCS, ICICI Bank, Adani Ports, Infosys were among early gainers while IndusInd Bank, Ambuja Cements, Bharti Airtel were among early losers.
At 12:53 pm: Markets continued to rise further as almost all sectors performed well. BSE Sensex was up by 172 points at 34,943 and the 50-share NSE Nifty rose 45 points to 10,746.
At 10:46 am: After opening on a volatile note, markets have recovered and were trading in the green. The BSE Sensex was over 140 points up at 34,915 while Nifty was over 30 point higher at 10,736.
On Tuesday, the Sensex shed 72 points to end at 34,771.05, while the broader Nifty finished at 10,700.45 points, down 41.10 points amid weak macroeconomic data.