Stock Market Updates: Sensex Down 200 Points, Nifty Tests 26,100; Titan Gains 3.5%

Sensex Today: Indian equity markets opened lower for the third consecutive session on Wednesday, extending the recent weak trend.

In early trade, the BSE Sensex was hovering around the 84,854 mark, down 209 points or 0.25 per cent, while the Nifty50 slipped 62 points, or 0.24 per cent, to trade near 26,117.

The broader market showed a mixed picture, with the Nifty Midcap index inching up 0.03 per cent, even as the Nifty Smallcap index declined 0.18 per cent.

Sectorally, pharma stocks bore the brunt of the selling pressure, with the Nifty Pharma index emerging as the top laggard, down 0.3 per cent in early deals.

Global Cues

Across Asia-Pacific, markets were mixed as participants digested Australia’s latest inflation numbers. Australia’s ASX/S&P 200

rose 0.38 per cent after November’s Consumer Price Index came in at 3.4 per cent year-on-year, lower than expectations of 3.7 per cent and down from 3.8 per cent in October. South Korea’s Kospi gained a strong 1.89 per cent, while Japan’s Nikkei 225 slipped 0.45 per cent.

US equity futures were largely flat during early Asian trading hours.

Overnight, Wall Street ended higher, with the S&P 500 and the Dow Jones Industrial Average closing at fresh record highs as investor sentiment improved following recent geopolitical developments. The S&P 500 advanced 0.62 per cent, the Dow rose 0.99 per cent, and the Nasdaq Composite added 0.65 per cent.