Indian equity indices were trading lower on Thursday, amid a wider sell-off across sectors.
At 10 AM, the BSE Sensex was down by 300 points, or 0.37 per cent, at 81,199, and the Nifty 50 was at 24,838, down 133 points, or 0.53 per cent.
Among the 30 constituents of the BSE Sensex, the 11 were trading in the red. Loses were capped by Mahindra & Mahindra (down 1.89 per cent), followed by Maruti Suzuki India, Axis Bank, HDFC Bank, and Nestle India, while Larsen & Toubro was the top gainer (up 1.44 per cent), followed by Infosys, ICICI Bank, Reliance Industries, and Sun Pharma.
On the Nifty 50, 17 out of the 50 stocks were trading in the green. Gains were led by Hindalco (up 1.46 per cent), followed by Infosys, SBI, Wipro, and Larsen & Toubro.
On the flip side, Bajaj Auto (down 7.44 per cent), followed by Hero MotoCorp, Mahindra & Mahindra, Eicher Motors, and Maruti Suzuki India were the top drags.
Among sectoral indices, the Auto index was the top laggard, falling over 2 per cent. Financials, FMCG, Media, and Realty indices were also trading in the red, while the IT, Metal, Pharma and PSU Bank indices were ahead.
The Broader markets were mixed, with the Nifty Midcap 100 down 0.15 per cent and the NIfty Smallcap up slightly by 0.04 per cent.
Global Cues
Meanwhile, the Asia-Pacific markets were trading higher on Thursday, buoyed by gains on Wall Street, where the Dow Jones Industrial Average hit a record close.
Mainland China’s Shanghai Composite was up 0.7 per cent, and the CSI 300 was ahead by 0.92 per cent, while the Hong Kong’s Hang Seng was up by 1.97 per cent.
In Japan, the Nikkei 225 was down 0.5 per cent, and the broader Topix index remained relatively flat.
Japan’s exports fell by 1.7 per cent in September compared to the same month last year, surprising economists who had forecasted a 0.5 per cent growth. Imports also fell short of expectations, growing by 2.1 per cent in September instead of the anticipated 3.2 per cent, down from August’s 2.3 per cent growth.
In Australia, the S&P/ASX 200 rose 0.77 per cent, while South Korea’s Kospi was down 0.12 per cent, while the small-cap Kosdaq dipped by 0.3 per cent.
US stocks had ended higher in opposition to their global counterparts on Wednesday, and crude extended its decline on projected softening demand.
