Indian Share Market Position Explained by Marketmagnify

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The S&P BSE Sensex started on a cautious note in morning trade on Wednesday with a negative bias. The fall in the index was led by losses in HDFC, ICICI Bank, Bajaj Auto, TCS and Asian Paints. The Nifty50 was trading near its crucial psychological support level of 7,450 weighed down by losses in IT, metal, consumer durable, banks, and auto stocks. The BSE Sensex had closed lower by 253 points on Tuesday while the NSE Nifty50 tanked 78 points.

India's stock markets fell on Tuesday, a day after hitting a six-week high, dragged down by pharma stocks with Lupin (LUPN.NS) hurting the most, and as Asian equities languished after the Bank of Japan offered a bleaker view of the country's economy.The benchmark BSE Sensex ended down 1.02 percent at 24,551.17, while the broader NSE Nifty fell 1.04 percent to end at 7,460.60.