Domestic stock markets, started today’s session on a lower note amid negative global cues.
At 9:21 am, the 30-share BSE Sensex traded 190.38 points or 0.57 per cent lower at 33,499.71, and the broader NSE Nifty was down 52.90 points or 0.52 percent at 10,072.00.
Except IT, all the sectoral indices, led by media, pharma and bank stocks, were trading in the negative terrain.
Twenty two out of 30 Sensex stocks were trading in the red in morning trade. Prominent losers in the 30-share Sensex pack were Yes Bank (-6.20 per cent), NTPC (-3.92 per cent), Asian Paints (-2.52 per cent), Vedanta (-2.52 per cent), TCS (-1.74 per cent) and Coal India (-1.65 per cent).
Heavyweights Infosys, TCS and ITC contributed most to the losses.
Top laggards on the 50-scrip index Nifty were Yes Bank (-6.43 per cent), Indiabulls Housing Finance (-5.03 per cent), JSW Steel (-4.22 per cent), NTPC (-4.00 per cent) and Hindalco (-3.42 per cent).
Globally, Asian shares slipped again today morning, deepening this week’s markets rout, after disappointing results from Alphabet Inc and Amazon.com heightened concerns over the outlook for U.S. corporate earnings, global trade and economic growth.
Oil prices gave up some ground after earlier rising on signals from Saudi Arabia’s energy minister that there could be a need for intervention to reduce oil stockpiles. US crude dipped 0.74 per cent at $66.83 a barrel. Brent crude fell 0.49 per cent to $76.51 per barrel.
On Thursday, domestic stocks markets declined 1 per cent. BSE benchmark index Sensex plunged 343 points to close at 33,690 while the NSE Nifty declined 99 points to settle at 10,124.