Sensex, Nifty on Wednesday: Negative international hints affected the domestic indices.The domestic stock indices turned choppy on Wednesday after publishing their highest closein more than five months on Tuesday.
While in early morning trade, the SP BSE Sensex fell 43.05 points or 0.12 per cent to trade at 36,196.57 and the Nifty50 index lost 7.75 points or 0.07 per cent to trade at 10,939.50, the benchmark indices recovered later on.
At 11:05 am, the SP BSE Sensex traded at 36,284.19, with a gain of 44.57 points or 0.12 percent while the broader Nifty50 was at 10,963.25 level, up 16 points.
Negative worldwide hints affected the domestic indices.
Financiers cashed profits in metal, healthcare, PSU and automobile stocks, in the middle of weak Asian cues after US-China trade spat escalated.
United States tariffs on an additional $200 billion worth of Chinese goods sent Asian stocks toppling on Wednesday, with China's markets leading the declines, as trade stress in between the world's 2 greatest economies continued to degrade.
The United States has recently imposed tariffs on $34 billion worth of Chinese items, drawing instant retaliatory tasks from Beijing on United States imports in the very first shots of a heated trade war, according to a report by news firm Reuters.Major gainers in the 30-share Sensex pack in the early session were TCS (+1.81 percent), Wipro (+1.13 percent), Infosys (+0.74 percent), Sun Pharma (+0.48 per cent), Induslnd Bank (+0.32 per cent) and HDFC (+0.28 per cent).
Top laggards in the Sensex pack at the exact same time were ITC (-0.58 per cent), SBI (-0.53 percent), Coal India (-0.86 per cent), Tata Steel (-0.77 per cent), Vedanta (-1.86 percent) and HeroMotoCorp (-1.45 percent).
TCS (+2.13 percent), Tech Mahindra (+1.73 per cent), Indiabulls Housing Finance (+1.26 percent), Wipro (+1.26 per cent) and HCL Tech (+0.96 per cent) were leading the pack of Cool gainers while the main losers on the index in the early morning session were Vedanta (-1.90 percent), Hindalco (-1.79% percent), Coal India (-1.24 percent), UPL (-1.09 per cent) and ITC (-1.05 per cent).
However, a rise in shares of index heavyweight TCS capped Sensex losses, after the IT significant on Tuesday reported a 23.46 percent year-on-year (YoY) development in consolidated profit for June quarter at Rs 7,340 crore.
Sales for the quarter under review increased 16 percent.
It was the leading gainer in the Sensex pack.Meanwhile, the rupee damaged by 5 paise to trade at 68.87 against the United States dollar in early trade on sustained capital outflows as the greenback reinforced overseas.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 20.73 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 293.96 crore on Tuesday, provisional information showed.
Domestic stock exchange indices increased for a 3rd straight session on Tuesday.
The SP BSE Sensex rallied 304.90 points to close at 36,239.62.
The NSE's Nifty50 index likewise rose and settled at 10,947.25.
(With Agencies inputs)