Markets Start With Loss, Nifty down 68pts

Stock market

Share market benchmarks opened in the negative territory amid global sell-off on concerns of United State-China trade conflict.

Crude Oil prices became stable on early Wednesday amid US sanctions on crude export from Iran & Venezuela.  US WTI crude futures were at USD60.74/brl while Brent crude oil futures were at USD69.74/BRL

The Indian rupee opened weaker at Rs69.55/USD against previous close of Rs69.43.

At10.00am, the Sensex fell 224pts at 38,049 and the Nifty50 was down 68pts at 11,429.40.

On the sectoral space, Nifty media stocks were among top losers, down 2.41pc led by Zee Entertainment, Dish-TV, Suns-TV and Zee media.

Zee Entertainment, ONGC, Reliance, Baja Auto were among major the losers on the NSE, while gainers include Power Grid, ICICI bank, Coal India and JSW Steel.

Shares of Vedanta plunged 1.19pc after the company reported a 45.5pc drop in profit.

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