Markets open in red, Nifty comes below 10600

Markets open flat bank stocks major losers

The broader 50-shares NSE Nifty was up 23.90 points (0.22 percent) to 10608.60. Meanwhile, shares of Tata Consultancy Services (TCS) on Monday surged over 4 per cent, following which the IT major became the first listed Indian company to hit market capitalisation of over United States dollars 100 billion (Rs 6,80,912.10 crore).

On Tuesday, Sensex rallied 165.87 to settle at 34,616.64 and the Nifty ended 29.65 points higher at 10,614.35.

This is published unedited from the PTI feed.

In the Sensex gainers' list, RIL was followed by Yes Bank (3.31 per cent), M&M (1.94 per cent) and Adani Ports (1.74 per cent).

"Market extended gains backed by index heavyweights while correction in metals and IT were due to ease in sanctions by USA and tightening of H1-B visa procedure".

The rupee depreciated 21 paise to 66.59 against the U.S. dollar today at the interbank foreign exchange due to appreciation of the greenback amid rising USA bond yields and surge in global crude oil prices.

Milwaukee Bucks superstar Giannis Antetokounmpo denied victory dinner at BelAir Cantina
The good news is they may get their best defender back for Thursday night's Game 6. "It's a heck of play", coach Joe Prunty said. Game 4 seemed to be headed in that direction, but the young Celtics forced Milwaukee to fend off a late charge.

About 1,478 shares declined against 1,179 advancing shares on the BSE. Japan's Nikkei also dropped 0.7 per cent.

Brokers said sentiment turned weak on sustained capital outflows by foreign funds amid a weak trend in other Asian markets following overnight weakness at Wall Street after the 10-year treasury yield briefly touched the 3 per cent level for the first time in four years.

The 30-share S&P BSE Sensex opened lower on Wednesday.

Global oil prices hit their highest levels since late 2014 due to expectations of renewed United States sanctions against Iran and as OPEC continued withholding supplies amid strong demand.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 21.02 crore on a net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 111.01 crore last Friday, provisional data showed.

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