Sensex, Nifty Volatile; Ola Electric Shares Up 4%

Benchmarks Nifty50 and Sensex opened lower on Wednesday, tracking strong global cues. BSE Sensex opened 135.61 points or 0.17 per cent lower at 80,667.25 levels, while Nifty50 slipped 18.30 points or 0.07 per cent to 24,680.55 levels.

Divi’s Labs, HDFC Life, Tata Motors, and Bharti Airtel were the top gainers on the NSE, while Shriram Finance, UltraTech Cement, and Tata Steel were the top laggards.

Similarly, on BSE, Bajaj Finserv, Tata Motors, and Bharti Airtel were the gainers while UltraTech Cement, Tata Steel, and Tech Mahindra were the top laggards.

Global Cues

Asian markets were trading lower, mirroring Wall Street. Hong Kong’s Hang Seng Index traded lower by 1.13 per cent, Japan’s Nikkei was down 0.62 per cent, South Korea’s Kospi fell 0.26 per cent, and China’s Shanghai Composite was down 0.93 per cent.

Overnight in the US, Wall Street’s major indices settled lower, halting their winning streak on Tuesday as investors awaited the Jackson Hole Economic Symposium, which gets underway on Thursday.

On Tuesday, the Nasdaq Composite settled lower by 0.33 per cent. The broader S&P 500 and the Dow Jones Industrial Average ended lower by 0.20 per cent and 0.15 per cent, respectively.