The market is continuing to trade in the red due to weak global cues with the BSE Sensex trading at 34,586 points and the NSE Nifty trading at 10,496 points, breaching its 10,500-mark.

Share Market Live

NSE

The oil marketing companies - HPCL and BPCL - are contributing more than a 6% loss to the Sensex as the rising fuel and unstable oil prices remain a concern to the investors.

SBI, Cipla and Tata Motors are the major gainers in trade today. SBI continues to be top index gainer after posting its Q4 numbers as the bank shows that it is on the recovery path from the NPA mess. Cipla was also gaining in trade after posting its Q4 results, while Tata Motors is gaining in trade, ahead of its results.

The global cues are trading weak after the US President Donald Trump said that he is not happy with the trade talks with China and also, he delayed the Singapore summit with North Korea, indicating that it may not happen at all.

On the earnings front, Tata Motors, Jet Airways, Godrej Industries, L&T Infotech, among others, will declare their quarterly results.

The market opened lower due to global cues with the BSE Sensex opening at 34,636 points and the NSE Nifty at 10,522 points.