Indian benchmark indices opened lower on Wednesday. The Sensex was down 94 points at 41,858, while the Nifty was down 35 points at 12,326. (9.20 AM)
Sectorally, most indices traded in the negative, with Nifty Metal leading losses. Nifty Media, on the other hand, traded slightly higher.
Banks and Financial Services stocks followed Nifty Metal among laggards.
Metal stocks slipped ahead of the US-China trade deal signing as reports came in that the US could maintain tariffs on Chinese goods until the November 2020 election.
HCL Tech, TCS, GAIL and Mindtree were among the top gainers on the Indices, while losers included Yes Bank, IndusInd Bank, Wipro, Tata Steel, JSW Steel, and Vedanta.
Several corporates will release their Q3FY20 results today including Den Networks, Larsen & Toubro Infotech, Reliance Industrial Infrastructure, and Sterlite Technologies.
The Indian rupee opened lower at 70.99/$, lower by 12 paise, on Wednesday.
US markets fell on Tuesday after reports that the US would likely maintain tariffs on Chinese goods until after November’s presidential election. Asian markets, meanwhile, traded cautious.
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