14 October,2026 10:01 AM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The domestic equity benchmark indices were trading in the negative territory in the early deals on Wednesday amid elevated crude oil prices due to escalating tensions in Middle East that weighed on investor sentiment.
The 30-share BSE Sensex shed 51.05 points or 0.07 per cent at 72,982.73 in the initial trade. The 50-share NSE Nifty dipped 48.55 points or 0.21 per cent at 22,679.00 in the early deals.
Among the 30 Sensex constituents, Tata Consultancy Services (TCS), Infosys, HCL Tech, Kotak Mahindra Bank, Maruti Suzuki and UltraTech Cement were the major gainers.
Shares of TCS were trading 1.82 per cent higher. Bajaj Finance, Sun Pharma, Eternal, Larsen and Toubro, and Bajaj Finserv were the major laggards.
On Tuesday the Sensex soared 1,109.10 points, or 1.54 per cent, to settle at 73,033.78, while the Nifty surged 358.60 points, or 1.60 per cent, to end at 22,721.95. The rally in IT stocks helped the indices along with the recovery in rupee and easing crude oil prices.
Brent crude, the global oil benchmark, was trading higher by 0.57 per cent at USD 106.29 per barrel, according to news agency PTI.
"Elevated crude oil prices amid Middle East tensions continue to fuel inflation concerns, with investors also tracking US inflation data and domestic corporate earnings for fresh direction," Hitesh Tailor, Technical Research Analyst at Choice Broking said.
Foreign Institutional Investors (FIIs) were net sellers and offloaded equities worth Rs 1,305.13 crore, while Domestic Institutional Investors (DIIs) were net buyers and purchased equities worth Rs 2,439.24 on Tuesday, according to exchange data.
"The RBI measures to restrict speculation in the currency market led to 1.5 per cent appreciation in the rupee in the last two trading days. This has helped reduce the FII selling in the market significantly," V K Vijayakumar, Chief Investment Strategist, Geojit Investments said.
"But the US 10-year bond yield hovering around 5.2 per cent and Brent crude trading around USD 106 continue to be strong headwinds for the market. It would be difficult for the rally to sustain given these negatives," he added.
In Asian markets, South Korea's Kospi, Japan's 225 index, Shanghai's SSE Composite index and Hang Seng index quoted higher.
(With inputs from PTI)
