MARKET LIVE: Sensex dips 200 points, Nifty below 9,200; OMCs tumble

Indian equity markets slipped on Wednesday amid combined global cues, dragged reduced by oil marketing…

Indian equity markets slipped on Wednesday amid combined global cues, dragged reduced by oil marketing and advertising corporations and FMCG shares.

Oil marketing and advertising companies’ shares declined right after the Centre hiked excise obligation on petrol and diesel and requested the OMCs to absorbe the price tag hike. BPCL crashed nine for every cent though HPCL tumbled 10 for every cent.

The S&P BSE Sensex fell 274 points to 31,a hundred and eighty stages though the Nifty50 index gave up nine,two hundred. ITC (down 5%) and Axis Financial institution (down four%) were being the top rated Sensex laggards.

The Nifty sectoral indices were being mainly in the crimson, led by Nifty FMCG index, down two.3 for every cent.

Final results These days
 

These days, a complete of six corporations, which include Sure Financial institution and Kansai Nerolac Paints, are established to declare their quarterly numbers.