Markets trade lower on China woes
08/07/2015 10:32

The key domestic benchmark indices were trading in a negative terrain on Wednesday during the morning trading session as the market sentiments were dampened amid sell-off in the Chinese stock markets and the Greek debt crisis. The investors also remained cautious ahead of the June quarter corporate earnings season set to begin tomorrow.

At 10:22 AM, the Bombay Stock Exchange bellwether Sensex was at 27970.58 down by 201.11 points or by 0.71 per cent, while the NSE Nifty was at 8452.65, trading lower by 58.15 points or by 0.68 per cent.

The BSE Sensex touched an intraday high of 28031.45 and an intraday low of 27876.58 while NSE Nifty touched an intraday high of 8457.25 and an intraday low of 8417.5

The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 939.00,+1.67 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 306.90,+0.64 per cent), Wipro Ltd. (Rs. 555.55,+0.38 per cent), Cipla Ltd. (Rs. 648.00,+0.20 per cent), Hero MotoCorp Ltd. (Rs. 2564.05,+0.06 per cent), among others.

Meanwhile, Vedanta Ltd. (Rs. 150.85,-4.86 per cent), Tata Motors Ltd. (Rs. 414.50,-4.01 per cent), Hindalco Industries Ltd. (Rs. 103.00,-3.96 per cent), Tata Steel Ltd. (Rs. 288.75,-2.92 per cent), NTPC Ltd. (Rs. 132.45,-1.41 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2044 shares traded, 854 shares advanced, 1107 shares declined while 83 were unchanged.

Globally, the Asian peers were trading lower today with the key benchmark in China, Singapore, Taiwan, Hong Kong, Japan, Indonesia and South Korea down 0.17 per cent to 4.2 per cent amidst heightened fears over Greece's position in the euro coupled with a Chinese stock market collapse. Also, US stocks ended the session yesterday with modest gains as speculation grew that Greece's crisis would be contained.