Market Opening Bell: Indian benchmark indices opened in the red on Wednesday, tracking a cautious undertone in domestic markets despite supportive global cues. At open, the BSE Sensex fell 236.16 points or 0.29 per cent to 80,307.83, while the Nifty50 declined 77.75 points or 0.32 per cent, slipping below the 24,500-mark to 24,496.45.
Market breadth was weak, with 751 stocks advancing, 1,433 declining, and 150 remaining unchanged, according to BSE data.
On the Nifty, Hero MotoCorp, Cipla, Bajaj Finserv, Maruti Suzuki, and JSW Steel emerged as early gainers. On the flip side, Kotak Mahindra Bank, Tata Steel, SBI, Coal India, and Jio Financial Services led the laggards.
Stocks in Focus Today:
Investors will keep an eye on key Q1 earnings and updates from:
Trent
Hero MotoCorp
Bharat Forge
BHEL
Lumax Industries
Jindal Stainless
Fortis Healthcare
Datamatics Global
Bajaj Holdings
Eternal
Cash Ur Drive Marketing
Renol Polychem