MARKETS LIVE: Sensex opens lower, Nifty below 10,100; RBI outcome awaited
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SI Reporter |
New Delhi
Last Updated at December 6, 2017 09:22 IST
The benchmark indices opened lower on Wednesday tracking negative trend seen in Asian markets, which were pressured by losses on Wall Street as the technology sector stuttered yet again after a brief rebound.
Back home, investors may stay on the sidelines ahead of the Reserve Bank of India's monetary policy outcome due later in the day during market hours.
The central bank looks set to keep its policy rate on hold on Wednesday, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.
All but two of 54 analysts in a Reuters Poll said the repo rate would be left at 6% the lowest since November 2010.
In August, the RBI made its only cut in 2017, of 25 basis points, and in October, it held.
9:22 AM
Broader markets
The BSE Midcap index was down 0.3%, while the BSE Smallcap index remained unchanged.
9:21 AM Sensex heatmap at open
Source: BSE
9:19 AM Markets at open
At 9:18 am, the S7P BSE Sensex was trading at 32,718, down 84 points, while the broader Nifty50 was ruling at 10,079, down 38 points.
Source: BSE
9:10 AM
Technical calls by Prabhudas Lilladher
MADHUCON PROJECTS - BUY
CMP: Rs 33.50
STOP LOSS: Rs 25
TARGET: Rs 50 - 60
9:04 AM
Technical picks by HDFC Securities
Buy HSIL
CMP: Rs 504
Stoploss: Rs 480
Target: Rs 545
9:03 AM
Today's picks
Devangshu Datta on Nifty, Bank Nifty, HDFC, Hero MotoCorp, BPCL
9:01 AM Wall Street on Tuesday
Wall Street fell on Tuesday as a technology rebound lost steam and Walt Disney Co (DIS.N) shares dipped, while investors assessed how a Republican U.S. tax overhaul would impact corporate earnings.
All three major indexes moved sharply lower late in the session. The Dow Jones Industrial Average lost 0.45% to end at 24,180.64 points, while the S&P 500 ended down 0.37% at 2,629.57. The Nasdaq Composite dropped 0.19% to 6,762.21.
8:59 AM Asian markets
Asian stocks slipped, follwoing lower closing on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.2%.
Australian stocks and South Korea's KOSPI were down 0.2% and 0.5%, respectively. Japan's Nikkei lost 1.5%. Hong Kong's Hang Seng and China's Shanghai Composite slipped 1% and 0.6%, respectively.
8:42 AM
Singapore Nifty
At 8:40 am, the SGX Nifty was trading at 10,100, down 43 points or 0.43%, indicating lower opening for the Nifty50.
8:41 AM Good Morning!
Welcome to Business Standard's market liveblog.
First Published: Wed, December 06 2017. 09:17 IST
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