SENSEX slips 200 pts in early trade, NIFTY50 trades above 24,350; Marico jumps 9% on Q2 results

At 9:21 AM, the S&P BSE SENSEX was trading 220 points, or 0.27% lower at 80,149.29 points, while the broader NIFTY50 index was trading at 24,372.80, down 94 points, or 0.38%.

The top losers on the NSE were Cipla, Dr Reddy's, Sun Pharma, Shriram Finance, and SBI Life. The top gainers were Maruti, BEL, IndusInd Bank, Tata Motors, and Bajaj Auto. 

The market breadth was in favour of bulls, as of 2,712 stocks traded on the BSE, 1,737 advanced and 875 declined. As many as 100 scrips remained unchanged. 

On Tuesday, foreign investors (FIIs/FPIs) net sold shares worth ₹548.69 crore while domestic institutional investors (DIIs) net bought equities worth ₹730.13 crore, as per NSE data.

Buzzing Stocks

Shares of Marico jumped as much as 9% to ₹687.30 apiece on the BSE after the company's Q2 results beat estimates. 

Broader Market

The small-cap stocks were the show stealers in the early trade. The BSE SmallCap index was trading at 53,645.07 levels, up 355 points, or 0.67%.

On the other hand, the BSE MidCap index was trading at 46,045.94, down 58 points, or 0.13%.

Sector Watch

Consumer durable stocks were the biggest losers in the early trade, followed by banking and financial services counters. 

The BSE Consumer Durables index was trading at 61,437.65, down 0.87%. 

On the contrary, industrial stocks were the top gainers. The BSE Industrials index was ruling 0.78% higher at 14,649.16. 

Global Markets

Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested US election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth.

Gold rose to an all-time high. 

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.22% in early trade, tracking a decline in Chinese assets.