INSUBCONTINENT EXCLUSIVE:
HDFC Bank, HUL, Kotak Bank and ICICI Bankwere the top drags on the Sensex
Domestic stock markets
started Wednesday's session on a lacklustre note, after three consecutive days of gains in which the benchmark indexes rose more than 3
per cent, amid cautious trade in Asian peers
The S-P BSE Sensex index fell as much as 114.15 points to 37,527.12 in early trade, reversing direction at least six times following a
The broader NSE Nifty benchmark slid to as low as 11,077.80, down 27.55 points from the previous close
Weakness in financial, automobile and metal stocks hurt the markets, however strength in information technology and pharmaceutical shares
Analysts awaited macroeconomic data due this week for direction
Here are 10 things to know:At 9:41 am, the Sensex traded 43.67 points - or 0.12 per cent - lower at 37,597.60, while the
gainers.Market breadth was positive, with 787 stocks trading higher on the BSE and 656 moving lower
agency Reuters, the economy was expected to have grown 5.7 per cent in the June quarter - its slowest pace in more than five years.Equities
in other Asian markets eked out cautious gains, as higher Wall Street futures provided some relief after an overnight US selloff, though
deeper worries about the global economy and trade have kept a lid on sentiment.MSCI's broadest index of Asia-Pacific shares outside Japan
fell 0.06 per cent, dragged lower by Chinese markets
Japan's Nikkei rose 0.15 per cent, Australia's shares climbed 0.13 per cent while Korea's KOSPI was up 0.4 per cent.A trade dispute
between the US and China is now in its second year and is placing increasing strain on the global economy, forcing policy makers to respond
with interest rate cuts and stimulus measures to bolster growth.The Sensex had climbed 1,168.34 points - or 3.20 per cent - and the Nifty
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