Key benchmark indices opened lower following weak global cues as concerns over Donald Trump’s administration spooked investors sentiment. At 10.20 am, the S&P BSE Sensex, was down 146.27 points or 0.48% at 30,512.50, while the Nifty-50 index was down 63.75 points or 0.67% at 9,462.00.
The BSE MidCap index was down 1.08% and the SmallCap index was down 0.95%.
As for buzzing stocks, TCS, Wipro Ltd and HDFC gained on BSE Sensex, while Dr Reddy’s Laboratories, ICICI Bank, Axis bank and Adani Ports lost the most on the index.
HUL fell about 0.3 percent even though the company has posted a 6.19 percent increase in net profit to Rs 1,183 Cr, for the Q4 ended March 31, driven by stellar sales across various business sectors.
JSW Steel was trading 0.3 percent lower though it announced a 3-fold increase in its consolidated profit at Rs 1,008.5 crore in Q4 as Versus Rs 300.6 crore in the year-ago period.
Asian markets were in lower trend in the morning session, while the rupee today opened 22 paise lower, at one week low of 64.37 per US dollar.