Asian share markets started on a negative note today following losses on Wall Street, with traders looking ahead to a Federal Reserve policy meeting later in the week, amid the economic slowdown fears.

The Nikkei fell 0.9% while the Hang Seng was down by 0.6%. The Shanghai Composite is trading lower by 0.3%.

Wall Street indices ended lower on Friday as disappointing earnings from Snap spooked investors and shares in social media and ad tech firms dropped, offsetting gains from card issuer American Express following an upbeat forecast.

The Dow Jones fell by 0.4% while the tech-heavy Nasdaq was down 1.9%

Back home, Indian share markets are trading on a negative note.

Benchmark indices opened on a negative note today following the trend on SGX Nifty. Soon as the session progressed, losses were extended as Reliance fell 4%.

At present, the BSE Sensex is trading lower by 414 points. Meanwhile, the NSE Nifty is trading down by 116 points.

Tata Steel and Bharti Airtel are among the top gainers today.

M&M and Reliance are among the top losers today.

HDFC AMC's share price is in focus after it reported Q1 results on Friday.

Broader markets are trading on a negative note. The BSE Mid Cap index is up by 0.3% while the BSE Small Cap index is trading higher by 0.5%.

Sectoral indices are trading on a negative note with the exception of consumer durables and industrial sectors. Stocks in the FMCG and oil and gas sector witness selling.

Adani Enterprise hit its 52-week highs today.

In the commodity markets, gold prices are falling again. Today, gold is down by Rs 32 trading at Rs 50,612 per 10 grams.

Note that gold prices have fallen and have taken quite a knock in recent weeks.

Meanwhile, silver prices are trading lower at Rs 54,807 per kg. Silver prices too have fallen a lot in recent days.

The rupee is trading at 79.81 against the US dollar.

The rupee fell on Friday and closed at 79.83 against the US$.

After getting a bird's eye view of the market, do you want to get a full analysis of how the markets will perform today? You know how the market started but do you want to know how the markets will close today?

In news from the auto sector, Tata Motors adds another feather to its hat.

Tata Motors on Friday said it has bagged an order for 1,500 electric buses from Delhi Transport Corporation (DTC) as part of a tender by Convergence Energy Services Ltd.

The auto major will supply, operate and maintain air-conditioned, low-floor, 12-meter fully-built electric buses for 12 years, as per the contract.

The delivery of these buses will further fortify our partnership with DTC and help in environment-friendly mass mobility for the city of Delhi. This step was quite necessary considering the high pollution level in Delhi.

The Mumbai-based company has already supplied more than 650 electric buses across multiple cities in India, which have cumulatively clocked more than 39 million kilometers.

Following the news, the share price is running in the green today. However, this is not new for Tata Motors. Ever since the EV opportunity, Tata Motors' share price has been booming.

Since you are interested in EVs, check out our editorial on EVs burning and about the future of EV stocks.

Further, in news from the mutual fund sector, HDFC AMC posted its quarterly results on Friday.

HDFC Asset Management Company (AMC) reported a 9% decline in profit after tax at Rs 3.1 bn in the three months ended June 2022. In comparison, the asset management firm had posted a profit after tax (PAT) of Rs 3.5 bn the year-ago period.

The company's revenue from operations rose 3% to Rs 5.2 bn in the first quarter of fiscal 2023 from Rs 5.1 bn in the same quarter preceding fiscal.

Its Average Asset Under Management (AAUM) stood at Rs 4.2 tn for the June quarter. The same was Rs 4.1 tn for the corresponding period last year.

HDFC AMC's share price is trading in the red. Lately, HDFC AMC's share price has been falling. A lot of reasons like continuous selling by FIIs, and exclusion from to MSCI Index are responsible for the fall.

Further, in news from the oil and gas sector, ONGC has some news for its investors.

In a move to monetize its upcoming field at Khubal in North Tripura, the ONGC has signed gas sale agreements with GAIL India and Assam Gas Company (AGCL).

News agency PTI reported that under the agreement, GAIL and AGCL will receive 50,000 standard cubic meters of gas each from the Khubal Gas Gathering Station (GGS).

Once it starts production, Khubal will be the tenth producing field of ONGC in Tripura. Khubal GGS will have a capacity to process 0.44 MMSCMD (4,40,000 standard cubic meters) of gas for which the process of construction has already been started, he added.

GSA is an important milestone in the lifecycle of any gas business, signifying commerciality for producers like ONGC while ensuring the product reaches the end consumers through marketing and transportation intermediaries such as GAIL and AGCL.

The Khubal gas field is expected to start production in 2024 in line with the commissioning of the Indra Danush Gas Grid Line (IGGL) pipeline, a critical and massive infrastructure project for the Northeast region's gas sector.

Indian oil companies including ONGC were under a lot of pressure from the Windfall tax, but recently the government announced a cut in the windfall tax.

Now how this windfall tax cut amid falling oil prices will benefit Indian oil & gas companies, only time will tell.

More By This Author:

Sensex Ends 390 Points Higher, Nifty Tops 16,700; Ultratech Cement Zooms 5% Post Q1 Results
Indian Share Markets Trade Flat, Kotak Mahindra Bank And HDFC Top Gainers
Sensex Extends Rally To Fifth Day, Ends 284 Points Higher, IndusInd Bank & Bajaj Finance Top Gainers