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Benchmark indices extended losses with the BSE Sensex losing 213.15 points to 39,737.31. The Nifty50 fell 61.30 points to 11,904.30.
Shares of Adani Green added 2 percent after the promoters of the company decided to sell 5.98 percent stake through an offer for sale (OFS). Oil prices fell on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. It is a weak start for the Indian indices on June 12 with Nifty below 11,950 level
At 09:16 hrs IST, the Sensex is down 141.89 points at 39808.57, while Nifty is down 45.10 points at 11,920.50. About 230 shares have advanced, 430 shares declined, and 30 shares are unchanged.
Yes Bank, SBI, Indiabulls Housing, ONGC, Zee Entertainment, Bharti Airtel and Infosys are among major losers on the indices in the early trade, while gainers are DHFL, JSW Steel, Tata Steel, Sterlite Tech, Motherson Sumi, ITC and Asian Paints.
Among the sectors, except metal and energy, all other indices are trading lower led by IT, pharma, auto, bank, and infra. The Indian rupee opened flat at 69.45 per dollar on Wednesday against previous close 69.44.
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