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Markets open flat: Sensex down 244 points, Nifty slips on weak global cues

09:34 AM Jul 28, 2021 | FPJ Web Desk

The markets opened flat reflecting global market trends. The Sensex was down 244.24 points or 0.46 percent down at 52,334.52. It closed at 52,578.76 points yesterday.

The Nifty50 was down at 15,675.55, down 70.90 points or 0.45 percent. It was down 78 points or 0.49 per cent to 15,746.45 on Tuesday.

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IndusInd Bank was the major winner up 2.50 percent, Axis Bank up 1.13 percent and Bajaj Finance 0.93 percent. HCL Tech, Titan, Bajaj Auto were among major losers

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Fuel prices unchanged

Petrol and diesel prices remained unchanged for the eleventh consecutive day across the four metros on Wednesday. With no change in prices on Wednesday, petrol continues to be sold in the national capital for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre.

In Mumbai, where petrol prices crossed Rs 100-mark for the first time ever on May 29, the fuel price is at Rs 107.83 per litre. Diesel price in the city is also at Rs 97.45, the highest among metros.

In Chennai, petrol is priced at Rs 102.49 per litre while the price of diesel is Rs 94.39 per litre. The price of petrol in Kolkata is Rs 102.08 per litre while diesel is sold at Rs 93.02 per litre.

Asian shares trade low

Shares in Asia-Pacific were lower in Wednesday morning trade at 7 month lows, as a rout in China spurs caution and U.S. megacap technology earnings receive a mixed response. Traders were reluctant to place large bets ahead of the outcome of the US Federal Reserve meeting.

Brent Futures' first decline in 6 days

Brent futures slipped 2 cents to settle at $74.48 a barrel, while US West Texas Intermediate (WTI) crude fell 26 cents, or 0.4 percent to settle at $71.65. That was the first decline for Brent in six days.

Quarterly results

Following companies will release their quarterly results today: Maruti Suzuki India, Nestle India, ABB India, Astec Lifesciences, Birasoft, Central Bank of India, Century Textiles & Industries, Coforge, Dhanlaxmi Bank, Embassy Office Parks REIT, Gateway Distriparks, Geojit Financial Services, Greenpanel Industries, Grindwell Norton, Happiest Minds Technologies, Heritage Foods, HSIL, ICRA< IDBI Bank, Intellect Design Arena, JM Financial, Mahindra Lifespace Developers, Mahanagar Gas, Mold-Tek Packaging, Pfizer, Radico Khaitan, Ramco Systems, Route Mobile, RPG Life Sciences, Sagar Cements, SRF, Tata Coffee, TCI Express, TeamLease Services, United Breweries,, UTI Asset Management Company and Welspun India

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