Benchmark indices on Wednesday were trading down in early trade tracking negative trend seen in Asian markets At 10.15 am, the barometer index, the BSE Sensex, was down 244 points or 0.83% at 29,241.38. The Nifty50 index was down 79.80 points or 0.87% at 9,041.70. In the broader market, the S&P BSE Midcap index shed nearly 1%, while S&P BSE Smallcap index was down 0.5%. The drop in both these indices was higher than the Sensex's decline in percentage terms.
Mahindra & Mahindra, ICICI Bank, and Bharti Airtel were the top losers on Sensex dipping up to 3% on the BSE. Meantime, shares of Avenue Supermarts, the D-mart chain, shed over 1% to Rs 625 after a bumper listing in the preceding session. Bharti Airtel, ICICI Bank and Tata Motors edged down down 2.72%, down 1.73% and 1.27% respectively from the Sensex pack.
Oil prices dipped today, since s rising crude stocks in the U.S underscored an ongoing global fuel supply overhang in spite of an OPEC-led effort to cut output.
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