Indian stock market benchmarks – Sensex, Nifty – opened on a weak note Wednesday tracking negative traction from international markets after IMF slashed global growth estimate to 3.3% for 2019 amid geopolitical concerns like US-China trade spat and Brexit issue
During mid-morning session, Sensex slid 101 points lower at 38,837. The Nifty stood flat by 25 points lower at 11646-mark. Top losers in Nifty pack were TCS, Gail and HDFC bank while top gainers were Cipla, Tata Motors and Wipro.
Top buzz in stocks Today: HDFC Bank falls 1.16% as KKR & Co will offload 1.14-crore shares through a bulk deal.
Shares of Usha Martin rose 2.84% and Tata Sponge Iron rose 2.73% as Tata Sponge completed the acquisition of steel business undertaking of Usha Martin.
Shares of ICICI Bank stock trades lower 0.24% after 1 million shares traded in second block-deal.
Mahindra CIE Automotive gains 1.28% on acquisition of Aurangabad Electricals.