Top Share of the Day: Amidst weak global signals, the Indian stock market once again got off to a sluggish start on Wednesday. In pre-opening, BSE Sensex was trading 157 points down at 65,787.67. While Nifty has slipped 44 points to 19,620.50, Nifty Bank is trading at 44,474 with a decline of 150 points. Yesterday also the market was closed under pressure. Sensex fell 78 points and closed at 65,945. Nifty 50 closed at 19,665 with a slight fall. At the same time, globally the American market closed with a huge decline. Dow Jones closed down 388 points. Nasdaq also saw a fall of 208 points. The S&P 500 closed down 64 points. However, Asian markets are trading with gains in today’s morning session. The Chinese Shanghai Composite is trading up 0.25%. Hong Kong’s Hang Seng is trading up 0.76%. Japan’s Nikkei 225 closed down 0.48%. Taiwan index remained in slight decline. South Korean Kospi is trading down 0.36%. Shares of Eicher Motors, Hero MotoCorp, Nestle India, ONGC and Bajaj Auto were the top gainers on Tuesday. The top losers were Cipla, Tech Mahindra, IndusInd Bank, Adani Enterprises and Asian Paints. The rupee fell for the second consecutive day and closed 15 paise lower at 83.28 against the US dollar on Tuesday. Oil prices rose slightly in early trading on Wednesday as the market focused on winter supply shortages and a ‘soft landing’ for the US economy.
