Stock Markets Watch: Markets open marginally lower; Nifty above 13K
Stock Markets Watch: Markets open marginally lower; Nifty above 13K
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Indian stock markets opened on a moderate note in spite of a strong close overnight on Wall Street. Sentiment across Asia is combined scene this on Wednesday morning.

The BSE Sensex opened 0.2 percent higher at 44,729 while the NSE Nifty 50 index gained 12 points at the start of trade to open at 13,121.  Broader markets have opened higher and are outperforming benchmarks in the early minutes of trade. The Nifty Midcap index is up 0.4 percent while the Smallcap index has gained 0.5 percent.

The gainers on NSE include Tata Motors, IOC, BPCL, Asian paints and Hindalco. The losers include Tech Mahindra, Infosys, TCS and Reliance during the morning session.

Sectoral indices also have had a passive start to the session. The Nifty Realty index has opened 0.5 percent higher while Nifty PSU Bank, Nifty Media and Nifty FMCG are up 0.3 percent at the start of trade.

Auto stocks will remain in focus, Tata Motors, Hero MotoCorp announced their sales numbers for November 2020. Tata Motors' total sales rose 20.7 percent at 49,650 units against 41,124 units and total domestic sales rose 26 percent at 47,859 units versus 38,057 units, YoY.

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