Sensex Down 200 Points, Nifty At 22,250; L&T Drops 5%

Benchmark indices Nifty50, and Sensex opened lower on Thursday, tracking mixed global cues.

Nifty50 opened 0.07 per cent lower at 22,286.50 levels while Sensex fell 0.09 per cent to 73,399.83 levels.

On BSE, M&M, HCLTech were among the top gainers while L&T and Asian Paints were top losers.

Similarly, on NSE, Hero MotoCorp, Bajaj Auto were major gainers while L&T and HDFC Lifer were major laggards.

In the broader markets, Nifty MidCap dropped 0.12 per cent while SmallCap rose marginally.

Sectorally, Nifty Auto led with 1.24 per cent gain, closely followed by PSU Banks (up 1.01 per cent). However, FMCG fell the most, dropping 0.62 per cent.

Global Cues

Across the Asia-Pacific region, markets are displaying mixed sentiment ahead of China’s April trade figures and Japan’s pay statistics.

Japan’s Nikkei saw a modest uptick of 0.26 per cent, while Korea’s Kospi remained largely unchanged. However, Australia’s ASX200 declined by over 0.55 per cent.