Sensex, Nifty Edge Lower Amid Weak Global Cues

The benchmark indices Nifty and Sensex were seen trading down in the early trade. Sensex was trading down by 100 points at 26436 and Nifty edged lower by 12 points at 7899. The opening session in the market was negative mainly due to weak global cues and the sentiments of investors have been affected after the coal block allocation verdict. However the overall market breadth on BSE was positive with 1281 shares advanced and 610 shares declined. Talking about the broader market, the BSE mid-cap index was trading up by 0.36% and the small-cap index was trading up by 0.80%.

Tracking the momentum of the sectoral indices, the gainer in today's trade was led by BSE Realty sector which was up by 1.29%. The gainers in today's trade included Hindalco and ONGC which were trading up by 3.05% and 2.09% respectively. Mangalore Chemical and Fertilisers was trading up by 19.95% after the company announced to increase its open offer to Rs 93. Jaiprakash Power Ventures was trading up by nearly 8% after JSW energy announced that it will buy the three hydropower projects after Reliance Power called off the deal. However the losers in today's trade included Sun Pharma, HDFC and ITC which were trading in negative zone, down by 1.32%, 1.12% and 1.08% respectively.

Further a mixed trend was seen in the Asian markets. Japan's Nikkei and Hong Kong's Hang Seng was trading in the negative zone, down by 1.13% and 0.45% respectively. However, China's Shanghai was marginally trading up by 0.04%.