Benchmark indices Sensex and Nifty started lower today amid weak Asian markets tracking ripple effects of President Donald Trump's trade tariff hike tweet on US markets. While Sensex is trading down by 318 points at 38,960, Nifty is 95 down at 11,402 level.
Sensex and Nifty have been falling this week on weak global markets rattled by imposition of additional tariffs on Chinese goods worth $200 bn by US President Donald Trump.Slowdown blues in the Indian economy have also contributed to a fall in Sensex and Nifty in the past few trading sessions.
Here's a look at live updates for the Indian share market today.
11: 55 am: Only 4 out of 30 stocks on Sensex are trading in the green and 12 out of Nifty 50 are advancing.
11: 40 am: CG Power, Reliance Communications, Rashtriya Chemicals and Fertilizers, INOX Leisure and Jet Airways were the top Sensex gainers. Top Sensex losers were Cox & Kings, Vodafone Idea, Indiabulls Real Estate, Westlife and Zee Ent.
11: 30 am: The equity shares of Neogen Chemicals Ltd, a leading manufacturer of bromine and lithium-based specialty chemicals, listed on the stock exchanges, BSE and NSE on Wednesday at a premium of Rs 251 apiece, up 16.74 per cent against the decided issue price of Rs 215.
11:10 am: Brent crude oil prices trading at their five-week low of $70.27 per barrel.
11: 00 am: Market breadth was negative with 573 rising on BSE compared to 1331 falling on BSE.
10: 55 am: Of 30 Sensex stocks, 27 were trading in the red.
10: 50 am: Top Sensex losers were Vedanta (1.99%), Reliance Industries(1.83%), and YES Bank (1.31%).
10: 45 am: PowerGrid (0.84%), Coal India (0.32%) and Bharti Airtel (0.06%) were the top Sensex gainers.
10: 30 am: Zee Entertainment (7.50%), Dish TV (5.35%), and Cox & Kings (4.73%) were top losers on BSE.10: 15 am: Top stocks by turnover on BSE were Reliance Industries (Rs 20.85 crore), YES Bank (Rs 17.5 crore), and Dewan Housing (16.87%).
9: 55 am: Reliance Industries (1.46%), Bajaj Auto (1.27%) and ONGC(1.28%) are top Sensex losers.
9: 50 am: Oil prices have tumbled, slipping below $70 a barrel for the first time in over a month.
9: 40 am: Ripple effect of US market
Indian markets felt pressure from their US peers after US President Donald Trump imposed more tariffs on China, spooking investors who had been expecting good news on trade. Trump in a tweet said he would raise import taxes on $200 billion in Chinese products to 25% from 10% from Friday.
The Dow Jones Industrial Average tumbled more than 470 points on Tuesday amid a broad sell-off on Wall Street as the US and China moved closer to an escalation of their already costly trade war.
The S&P 500 index slumped 48.42 points, or 1.7%, to 2,884.05. The Dow lost 473.39 points, or 1.8%, to 25,965.09. The index had been down 648. The Nasdaq composite, which is heavily weighted with technology stocks, fell 159.53 points, or 2%, to 7,963.76.
9: 35 am: HCL Tech (0.70%), PowerGrid (0.68%) and ICICI Bank (0.34%) were the top Sensex gainers.
9: 33 am : Top Sensex losers were Vedanta (2.69%), ONGC (1.14%) and Reliance (1.03%).
9: 32 am: On Tuesday, BSE Sensex closed at 38,276.63, down 323.71 points and Nifty fell 100.35 points to 11,497.90. Meanwhile, mid cap and small cap indices were trading 36 points and 33 points lower in early trade.
9: 30 am: Market breadth was negative with 494 stocks trading higher compared to 1137 falling on BSE.
9: 25 am: BSE consumer durables and banking stocks led the losses with their BSE indices falling 200 points and 122 points, respectively.
9: 20 am : On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 645 crore on Tuesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 818 crore, provisional data available with BSE showed.
9: 15 am: Sensex falls 172 points to 38,104 with 22 components in the red, Nifty loses 50 points to 11,447.