Equity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 percent.
At 10:15 am, the BSE S&P Sensex was down by 197 points or 0.39 per cent at 50,059 while the Nifty 50 slipped by 44 points or 0.29 per cent to 14,739.
Most sectoral indices at the National Stock Exchange were in the positive zone with thin margins but Nifty private bank dipped by 1.2 percent and financial service by 0.7 percent.
Among stocks, IndusInd Bank tumbled by 2.3 percent to Rs 1,024.60 per share while HDFC Bank was down by 1.5 percent, ICICI Bank by 1.4 percent, Axis Bank by 1.1 percent, and Kotak Mahindra Bank by 0.7 percent.
The other major losers were Tata Steel, Tata Motors, HDFC Life, Titan, and Asian Paints.
However, Mahindra & Mahindra jumped by 6.1 percent to Rs 884.45. State-owned energy major ONGC was up by 4.2 percent, GAIL by 3.4 percent, IndianOil Corporation by 1.6 percent, and NTPC by 1 percent.
Hindalco, Hero MotoCorp, Maruti Suzuki, and Sun Pharma also traded with a positive bias but thin margins.
Meanwhile, Asian shares dipped as tight liquidity conditions in China curbed buying after the country’s short-term interest rates rose again. But improving corporate earnings, expectations of large US stimulus, and subsiding retail frenzy all supported risk sentiment.
MSCI’s ex-Japan Asian Pacific index fell by 0.2 percent while Japan’s Nikkei lost by 0.4 percent. The lacklustre start to Asian trade followed a tepid Wall Street session.
