MUMBAI: The country's main stock market opened firmer on Wednesday morning, with the week's second trading day declining. The 30-point Sensex at the Bombay Stock Exchange gained 221 points, or 0.6 %, to open at 37,349.71 at the beginning of the trading session. The 50-point Nifty opened at 11,072.95 with a lead of 73 points. However, the bullish trend did not last long and the stock market began to fall.
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On the other hand, the discovery of the corpse of CCD owner VG Siddharth dealt a major blow to investors. For the second consecutive day, the CCD shares fell by nearly 20 %. During the trading session, the Sensex slipped 132.67 points to 37264.57 at around 11.30 a.m., while the Nifty was down 39.2 points to trade at 11046.20. Shares of Tech Mahindra fell by 4% during early trading. Similarly, shares of Axis Bank fell 2.60%. Yes Bank's stock rose 3 %.
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Shares of CCD also recorded major declines for the second consecutive day on Wednesday. The dead body of owner VG Siddharth saw an atmosphere of instability among CCD investors. The stock is running at Rs 122.75 as of Tuesday, down nearly 20 %. Earlier on Tuesday, the lower circuit in CCD's stock was also broken by 20 %.
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