Indian shares opened lower on Wednesday, tracking weakness in global markets after the latest U.S. inflation report came in well above expectations.
The benchmark 30-share BSE Sensex slipped 110 points, or 0.2 percent, to 52,658 in early trade, while the broader NSE Nifty index was down 31 points, or 0.20 percent, at 15,781.
Adani Enterprises edged up marginally. Adani Airport Holdings Ltd, a wholly-owned unit of the company, on Tuesday took over the management control of Mumbai International Airport.
NTPC rose half a percent as it received approval to construct India’s largest solar park in Gujarat.
NMDC climbed 1.2 percent after its board approved a demerger proposal between the company and NMDC Steel.
Maruti Suzuki India dropped 1 percent on news it plans to invest up to Rs 18,000 crore for a new factory premises in Haryana.
Lupin was little changed after launching antifungal product Tavaborole Topical Solution in the U.S. market.
Mindtree jumped nearly 9 percent after reporting better-than-expected results for the first quarter.
Tata Metaliks soared 7.5 percent as it posted turnaround results on higher sales and price realization.
Market Analysis
Sensex Down 110 Points; Nifty Dips Below 15,800
2021-07-14 04:30:22
