{"id":6769,"date":"2021-01-27T04:02:22","date_gmt":"2021-01-27T04:02:22","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/01\/27\/sensex-nifty-open-lower-in-cautious-trade\/"},"modified":"2021-01-27T04:02:22","modified_gmt":"2021-01-27T04:02:22","slug":"sensex-nifty-open-lower-in-cautious-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/01\/27\/sensex-nifty-open-lower-in-cautious-trade\/","title":{"rendered":"Sensex, Nifty Open Lower In Cautious Trade"},"content":{"rendered":"
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Indian shares opened lower on Wednesday, with mixed global cues and caution ahead of the upcoming Budget keeping investors nervous. <\/p>\n

The benchmark S&P BSE Sensex dropped 174 points, or 0.4 percent, to 48,174 in early trade, while the broader NSE Nifty index was down 98 points, or 0.7 percent, at 14,140.<\/p>\n

Tata Motors paced the declines to fall about 5 percent, while Tata Steel, IOC, Hero MotoCorp and JSW Steel all were down over 2 percent.<\/p>\n

Larsen & Toubro rose about 1 percent on reports that it is weighing the option of applying for a full-fledged banking license.<\/p>\n

ICICI Securities plunged more than 5 percent despite reporting a 95 percent jump in Q3 net profit. <\/p>\n

Tata Steel fell more than 1 percent after its plan to sell its Netherlands operations to Swedish steelmaker SSAB AB ran into a hurdle. <\/p>\n

GAIL shed nearly 1 percent on reports it plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business<\/span> from the gas marketing function.<\/p>\n

Hero MotoCorp declined 2.3 percent on the buzz it plans to launch an electric car. <\/p>\n<\/p>\n<\/div><\/div>\n