Sensex opens 347 pts lower, Nifty at 14,811; BEL, UltraTech, L&T in focus

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Indian benchmark indices, Sensex and Nifty, opened lower on Wednesday, snapping two sessions gaining streak, tracking weak cues from Asian market. The BSE Sensex opened lower by 347 points, or 0.69 per cent, at 49,789, and the NSE Nifty belled at 14,811, down 33 points or 0.22 per cent. Developments related to COVID-19, stock-specific news and global cues will set tone for the market in this holiday-shortened week. After remaining closed on Monday for Holi, the stock market would remain closed on Friday for Good Friday.

On Tuesday, Indian equity benchmarks BSE Sensex and NSE Nifty ended higher for the second straight session amid broad-based buying. The BSE 30-share barometer, Sensex, closed higher by 1,128 points, or 2.3 per cent, at 50,136, and the NSE Nifty settled at 14,845, up 337 points or 2.33 per cent. All the sectoral indices ended in the green, with IT and Teck index emerging as top gainers, rising 3 per cent, each.  NTPC, HDFC Bank, HCL Tech, Infosys, Titan Company, Hindustan Unilever Ltd (HUL), Nestle India, ONGC, Dr Reddy’s Laboratories, IndusInd Bank, Power Grid Corporation of India were among top Sensex gainers. Out of 30 Sensex pack, 27 ended in green, while Mahindra & Mahindra (M&M), Bharti Airtel and Axis Bank settled in the red.

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