SGX Nifty was trading 25 points lower on Wednesday morning, hinting at a gap-down opening for domestic stock markets.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty began trading the day with gains beating clues of a negative start. However, S&P BSE Sensex soon slipped to trade flat. The initial few minutes of trade saw the benchmark Sensex move between gains and losses while the Nifty 50 was below the 11,550 mark, which analysts say is crucial for renewed buying interest from investors. Mahindra & Mahindra, Bajaj Auto, and Maruti Suzuki India were the top Sensex gainers. Leading banking stocks like Axis Bank, SBI, and ICICI Bank were trading with losses. BSE Midcap and Small cap indices were up rallying to beat the benchmark again. The Nifty Smallcap 50 was down in the red.
In the month of August, India’s exports stood at $22.70 billion, down from $23.6 billion in the month of July. The trade deficit for August this year was estimated at $6.77 billion, against $4.8 billion in July 2020 and $13.86 billion in August 2019. This slip in exports comes at a time as India is stepping out of the strict nation-wide lockdown to control the spread of the coronavirus pandemic. A number of other macro indicators have, however, hinted at a recovery in the Indian economy.