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Markets open in red; Sensex sheds 28 points, makes quick recovery 

File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )

WION Web Team New Delhi, Delhi, India Jul 10, 2019, 10.27 AM (IST)

Domestic stock markets on Wednesday opened in red with BSE Sensex shedding around 28 points as compared to its previous of 38,730.82 points, recording 38,701.99 in morning trade. It made a quick recovery, touching a high of 38,854.85. 

NSE Nifty, on the other hand, opened at 11,536.15 - down by over 19 points - as compared to its previous close of 11,555.90. It touched 11,593.70 in morning trade. 

Equity benchmark indices ended flat after a volatile session on Tuesday with investors still trying to assess the impact of a proposed tax on super-rich and foreign portfolio investors. Traders also awaited corporate results for the April to June quarter of the current financial year for further cues. 

The BSE S&P Sensex opened at 38,754, dipped to a low of 38,436 and closed at 38,731, up 10 points from its previous close. The Nifty 50 closed 3 points higher at 11,556.

A day after a huge crash on Monday, the BSE Sensex extended its previous day's losses in early trade on Tuesday opening over 248 points down. It, however, recovered lost ground to remain 102 points down.

(With inputs from ANI)