Selling pressure is back on the market, with the Sensex falling over 100 points, while the Nifty is testing 11,000.
The Sensex is down 122.48 points or 0.34% at 35911.25, and the Nifty down 31.00 points or 0.28% at 11018.70. The market breadth is negative as 1176 shares have advanced, 1183 shares declined, while 219 shares are unchanged.
Kotak Mahindra Bank, BHEL, and Hindalco have gained the most on both indices, while Dr Reddy’s Labs, Coal India, and Lupin are the top losers.
However, the market breadth favours the advances. Among sectoral indices, pharmaceutical index is trading lower, along with IT and FMCG. Midcaps, too, are trading lower.
Asia stocks eased on Wednesday, pulling further back from record
highs, as the recent rise in global bond yields weighed on equities.
Australian stocks shed 0.4%, South Korea's KOSPI lost 0.3 percent and Japan's Nikkei dropped 0.3%
The Dow Jones Industrial Average fell 362.59 points, or 1.37%, to
26,076.89, the S&P 500 lost 31.1 points or 1.09% to 2,822.43 and the
Nasdaq Composite dropped 64.02 points, or 0.86 percent, to 7,402.48.