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The Indian stock markets opened on a slightly negative note in early trade today, with the benchmark Sensex shedding 130.21 points at 69, 420 and the Nifty declining by 29 points to 20,877.
Market analysts attribute the early decline to a combination of global economic uncertainties, geopolitical concerns, and profit-taking activities by investors following recent gains in the markets.
Among the Sensex firms, Tata Consultancy Services, Axis Bank, Infosys, Bajaj Finance, Bajaj Finserv and HDFC Bank were the major laggards.
NTPC, Power Grid, UltraTech Cement and Larsen & Toubro were among the major gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
The US markets ended in the positive territory on Tuesday.
Global oil benchmark Brent crude declined 0.20 per cent to $73.09 a barrel.
“From the global perspective, tonight’s Fed message is important in setting the global market trend. Markets will wait for the Fed chief’s message before taking a decisive turn,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
After a two-day rally, the BSE benchmark fell by 377.50 points or 0.54 per cent to settle at 69,551.03 on Tuesday. The Nifty declined 90.70 points or 0.43 per cent to 20,906.40.
Market analysts attribute the early decline to a combination of global economic uncertainties, geopolitical concerns, and profit-taking activities by investors following recent gains in the markets.
Among the Sensex firms, Tata Consultancy Services, Axis Bank, Infosys, Bajaj Finance, Bajaj Finserv and HDFC Bank were the major laggards.
NTPC, Power Grid, UltraTech Cement and Larsen & Toubro were among the major gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
The US markets ended in the positive territory on Tuesday.
Global oil benchmark Brent crude declined 0.20 per cent to $73.09 a barrel.
“From the global perspective, tonight’s Fed message is important in setting the global market trend. Markets will wait for the Fed chief’s message before taking a decisive turn,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
After a two-day rally, the BSE benchmark fell by 377.50 points or 0.54 per cent to settle at 69,551.03 on Tuesday. The Nifty declined 90.70 points or 0.43 per cent to 20,906.40.
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