Shares of Bajaj Auto were down around a percent ahead of its results that will be announced later in the day.
Meanwhile, major public sector bank, Bank of Baroda gained over a percent in the morning trade. The bank too will be announcing its earnings on Thursday.
Tracking weak global cues on the back of a selloff, the market on Thursday opened on a negative note.
The Sensex was down 133.62 points at 30525.15, while the Nifty fell 48.15 points at 9477.60. The market breadth was negative as 193 shares advanced against a decline of 734 shares, while 37 shares were unchanged.
Hero MotoCorp, Dr Reddy’s, Hindalco and Adani Ports were the top losers on both indices, while Wipro, TCS and HDFC gained the most.
All major indices on the Nifty—midcaps, IT, pharma, auto and energy, others—were trading lower, driving the consolidation.
The Indian rupee opened lower by 19 at 64.34 per dollar on Thursday versus previous close 64.15.
According to Mohan Shenoi of Kotak Mahindra Bank, "The dollar weakened against most currencies due to political developments and mixed data from the US. The rupee is well supported on the back of custodial flows into the country."
IRB InvIT Fund will make its stock market debut soon after successfully closing its initial public offer earlier this month. The IPO of IRB InvIT Fund, the first in the InvIT space, was oversubscribed 8.57 times.
The institutional investors category was oversubscribed 10.81 times and other investors 5.89 times. The offer had a price band of Rs 100-102. InvITs or infrastructure investment trusts are those debt instruments that will be traded in the market and can act as investment vehicles for sponsors.
IDFC Bank, Credit Suisse Securities and ICICI Securities were the lead managers to the offer.
The units are proposed to be listed on the BSE and the National Stock Exchange (NSE). The issue was open to bidding on May 3-5.
Asian stocks fell on Thursday in line with global peers, and the dollar nursed deep losses against the yen as uncertainty mounted over US President Donald Trump's future following reports that he tried to interfere with a federal investigation.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent.
Japan's Nikkei shed 1.2 percent, Australian shares lost 1.1 percent and South Korea's Kospi declined 0.5 percent.
The S&P 500 and the Dow notched their biggest one-day fall since September 9 as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.
Former FBI chief James Comey said in a memo that Trump had asked him to end a probe into former National Security Adviser Michael Flynn's ties with Russia, the reports said.To Get Free Trial
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