The markets opened on a cautious note on Wednesday. The benchmark indices were down. Sensex dropped over 200 points at 48,936, while the Nifty 50 index was down 50 points or 0.33 percent at 14,801.
At 09:16 IST, the Sensex was down 221.45 points or 0.45 percent at 48940.36, and the Nifty was down 50.30 points or 0.34 percent at 14800.50.
#CNBCTV18Market | Indian market starts on a flat note with #Nifty opening around 14,800 and #Sensex around 40,200 pic.twitter.com/FTIad6reNO
— CNBC-TV18 (@CNBCTV18Live) May 12, 2021
Key companies announcing their quarterly results today includes Asian paints, Lupin, UPL, Apollo Tyres, Tata Power, Borosil Renewables, Happiest Minds, Sagar Cements, etc.
Fuel prices up
The price of petrol and diesel were hiked 25 paise each. This is the third consecutive day that prices have been hiked.
#Petrol & #diesel prices hiked by 25 paise each pic.twitter.com/FI8joSuqpq
— CNBC-TV18 (@CNBCTV18Live) May 12, 2021
Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.
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