Markets open in the red: Sensex dips below 81,600, Nifty dips below 25,000, check sector performance

Stock market today, opening October 11 (archive photo)

New Delhi: After overnight losses on Wall Street in the United States, Indian stock markets opened on a weaker note today. BSE Sensex was down 39.55 points, or 0.05 percent, to 81,571 at the opening bell. THE Clever 50 also fell 39.05 points, or 0.16 percent, to trade at 24,959.

Stock market today: Top winners

The best winners on NSE Nifty 50 are BPCL, JSW Steel, Tata Steel, Nestle India and IndusInd Bank.

Stock market today: Best losers

The latest laggards in the Nifty 50 index are Tech Mahindra, Apollo Hospitals, HDFC Bank and Power Grid.

Sotck exchange Yesterday

This comes after a positive close on Thursday, when the Sensex rose 140.75 points or 0.17 percent to end at 81,607.55, and the Nifty gained 16.50 points or 0.07 percent to end at 24,998.45.

How are the sectors performing?

Among sectoral indices, banking stocks outperformed, with the Bank Nifty and PSU Bank indices gaining 1 per cent each. Stocks in financial services, automobiles and metals also finished in the green. However, the IT, pharmaceutical, FMCG and healthcare sectors were the biggest losers, with declines of up to 2.01 per cent.

Performance of Asian markets

In Asia, markets showed mixed trends on Friday. Japan’s Nikkei 225 index rose 0.7 percent, while the broader Topix index gained 0.40 percent. South Korea’s Kospi rose 0.49 percent and the Kosdaq rose 0.36 percent. Hong Kong’s Hang Seng jumped 2.98 percent, while China’s Shanghai Composite fell 1.16 percent and the CSI 300 fell 2.22 percent. Australia’s S&P/ASX 200 index edged down 0.15 percent.

Global markets

Meanwhile, global markets remained broadly stable as investors closely monitored U.S. inflation data and interest rate updates from the Federal Reserve. U.S. consumer prices rose slightly more than expected in September, mainly due to higher food prices, although the annual increase in inflation was the smallest in more than three years .