Indian shares opened slightly lower on Wednesday on the back of weak Asian cues as investors eyed the minutes from the Federal Reserve’s January policy meeting.
The benchmark S&P BSE Sensex dropped 320 points, or 0.6 percent, to 51,782 in early trade after ending a choppy session on a flat note the previous day. The broader NSE Nifty index was down 80 points, or half a percent, at 15,233.
Asian Paints, Power Grid Corp, TCS and HDFC dropped 1-2 percent while HDFC Life, Bajaj Auto, GAIL and Hero MotoCorp rose 1-2 percent.
Nestle India slumped nearly 5 percent on disappointing quarterly results.
Adani Ports and Special Economic Zone jumped over 4 percent after it completed the acquisition of 100 percent stake of Dighi Port Limited for Rs705 crore.
L&T Finance Holdings edged up slightly after raising Rs 2,999 crore through a rights issue.
Bharti Airtel was marginally higher ahead of a board meet later in the day to discuss the future strategic plans and reorganization of shareholding framework of subsidiary companies.
Sensex, Nifty Drift Lower In Early Trade
2021-02-17 04:11:22
