© Reuters.
Investing.com — Indian equity benchmark indices made a marginally lower opening on Thursday, tracking weak cues from global peers, with Asian shares tumbling to nine-month lows in early trade today, led by a sluggish recovery in China’s economy.
Investor concerns rose following the US of the July monetary policy meeting on a growing possibility of further interest rate hikes by the central bank’s policymakers.
Headlines declined 0.44% to 19,379.9 levels and lost 269.3 points or 0.42% at 00:30 ET (04:30 GMT). The benchmark indices fell after gaining for two days in a row.
The Indian market volatility barometer accelerated up to 4% in the ongoing session and was last seen trading 3.35% higher at 12.54 points.
Sectoral indices listed under the Nifty umbrella traded on a mixed note, with gains led by a sharp uptick in , followed by Durables, while fell the most. traded 0.07% higher while writing.
Top gainers on the Nifty 50 pack included Adani twins – Adani Ports (NS:) and Adani Enterprises (NS:), along with Titan (NS:), Axis Bank (NS:) and SBI (NS:), while market heavyweights LTI Mindtree (NS:), ITC (NS:), PowerGrid (NS:), Cipla (NS:), and Nestlé India (NS:) led the gains on the headline index.
Adani stocks rose after the US-based investment major GQG Partners bought shares worth $1.1 billion of Adani Power (NS:) through block deals on Wednesday.