Stock market opened with red mark, Sensex slipped from 80,000, Nifty also down

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The domestic stock market, which started in the green for two consecutive days, started trading in the red on Wednesday. At 9:46 am, the benchmark Sensex of the Bombay Stock Exchange was trading at a level of 79,905.55 with a decline of 98.91 points. Similarly, the National Stock Exchange index Nifty was also seen trading at a level of 24,167.25 points with a decline of 27.25 points.

Who benefits the most and who loses the most

At the start of trading, M&M, Coal India, NTPC, BPCL, and Wipro were the major gainers on the Nifty, while Adani Ports, Bharti Airtel, UltraTech Cement, Cipl,  and Tata Steel were among the losers. Among sectors, capital goods, power rose by 0.5-1 percent, while selling was seen in FMCG, metals, pharma, PSU banks, oil, and gas, according to Moneycontrol. The BSE midcap index was down 0.3 ppercent while the smallcap index was trading flat.

Asian stock markets fell sharply

A.sian stock markets fell sharply on Wednesday as investors worried about which countries could be subject to tariffs under incoming U.S. President Donald Trump. Trump promised new tariffs on Canada, Mexico an d China a day earlier. The loonie and peso remained weak after hitting multi-year lows on Tuesday, while the yuan retreated to a four-month low hit in the previous session. Japan’s Nikkei was again a stand-out underperformer on Wednesday, losing 0.9%. The auto sector was the worst-performing industry group, opening a new tab on the Tokyo Stock Exchange, falling more than 3% as tariff threats and a stronger yen capped gains.

Taiwanese shares fell 0.2%, while South Korea’s KOSPI rose less than 0.1%, struggling to recover from Tuesday’s 0.6% drop. Hong Kong’s Hang Seng (.HSI) rose 0.1%, according to Reuters. MSCI’s broadest index of Asia-Pacific shares fell 0.1%. The weakness in Asian equities contrasted with gains in all three major Wall Street markets overnight, and S&P 500 futures rose another 0.1%.