Equity benchmark indices opened lower today after the Federal Reserve rate hike spooked global markets. The Indian stock market snapped seven day’s rally and declined in today’s trade as heavy selling pressure was seen in HDFC twins, RIL, Infosys, and Kotak Mahindra Bank.
Further, Banks, automobiles, energy and metals, among others stocks are trading in the negative zone.
is down 149 points at 36,317, while the Nifty is down 47 points or at 10,920. The market breadth is negative as 655 shares advanced, while 879 shares declined and, 532 shares remained unchanged.
The Indian Rupee opened lower at 70.66/$ against yesterday's close of 70.40/$.
Sun Pharma, M&M, and Tech Mahindra
are the top gainers, while Vedanta, NTPC, and Hindalco lost the most on the NSE
Shares of Om Metals
jumped 13% after the company received order worth Rs600crore from the Rajasthan government.
stock advanced 1% as board to meet today to discuss fund raising.
stock gained 3% after the company has received zero observations under Form 483 from the USFDA for its API facility in Gujarat.
Volatility index India VIX is down 1.65% to 14.41.
The most active stocks were Maruti
, RIL, Infosys, TCS, and HDFC Bank.
US crude futures were little changed at $47.38 per barrel, having fallen to $45.79 earlier this week, the lowest since late August 2017.