Leader Online Desk : Indian stock markets fell for the fourth consecutive session on Wednesday (29th) amid weak cues in global markets. Sales are seen across all sectors. Sensex fell 500 points to below 74,700 in morning trade. While the Nifty is trading down 150 points at 22,750.
'HE' heavyweight shares fell
ICICI Bank, M&M, Axis Bank, HDFC Bank, IndusInd Bank, Ultratech Cement, Tech Mahindra are the top losers on the Sensex. Power Grid, Nestle India, Sun Pharma shares have increased.
Shares of HDFC Life, SBI Life, ICICI Bank, Ultratech Cement, IndusInd Bank fell by 1 to 2 percent on NSE Nifty. Power Grid, Hindalco, Nestlé India shares are trading in a bullish direction. At the sectoral level, Nifty Financial, Nifty Auto have fallen.
Paytm shares upper circuit
Meanwhile, shares of One97 Communications, Paytm's parent company, touched an upper circuit of 5 percent today. Adani Group chairman Gautam Adani is reportedly looking to buy a stake in Paytm's parent company One97 Communications. Against this backdrop, Paytm's shares took an upper circuit.
Global market
Investors' eyes are on US inflation data due this week. Due to this, investors have taken a cautious stance. Meanwhile, the Asian markets are witnessing a mixed environment today. Hong Kong's Hang Seng has risen. While Japan's Nikkei index has fallen.
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