Sensex Opens Marginally Lower; Tata Motors Slips 6% Post Q4 Results

Asian share markets fell today as uncertainties over inflation prompted investors to reduce exposure to riskier assets.

The Nikkei is trading down by 1.4% while the Shanghai Composite is trading lower by 0.4%.

In US stock markets, Wall Street indices slid late in the session to end lower, unable to sustain gains made after bumper earnings from Walmart and Home Depot.

The Dow Jones Industrial Average slipped 0.8% while the Nasdaq fell 0.6%.

Back home, Indian share markets have opened on a negative note, following the trend on SGX Nifty.

Market participants will track shares of IOC, Indiabulls Housing Finance, IRFC, Prism Johnson, TCI Express, and SML Isuzu as these companies are scheduled to announce their March quarter results today.

The BSE Sensex is trading down by 87 points. Meanwhile, the NSE Nifty is trading lower by 26 points.

Infosys is among the top gainers today. IndusInd Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened up by 0.5%. The BSE Small Cap index is trading higher by 0.6%.

Sectoral indices are trading on a mixed note with stocks in the power sector and realty sector witnessing buying interest.

Automobile stocks and banking stocks, on the other hand, are trading in the red.

Shares of Adani Transmission and Hindustan Zinc hit their 52-week highs today.

In cryptocurrencies, Bitcoin dropped as much as 5.3% to hit its lowest level since early February and last stood at US$ 40,973, having lost more than a third of its value from a peak of US$ 64,895 hit just over a month ago.

Ether, the second-largest cryptocurrency, changed hands at US$ 3,199, down more than 25% from its record peak hit last Wednesday.

Major cryptocurrencies fell after China's fresh ban on their transactions.

The rupee is trading at 73.05 against the US$.

Gold prices are trading down by 0.1% at Rs 48,328 per 10 grams.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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