The Indian markets fell over half a percent in early trade today (12th May 2021), tracking similar cues from other Asian markets.
The S&P BSE Sensex dipped 350 points, or 0.7 percent, to 48,820 and the broader Nifty50 hovered around 14,800-level. HDFC, Mahindra & Mahindra, Hindustan Unilever, and HDFC Bank fell over 1 percent, each.
The Nifty sectoral indexes were mixed, with the Nifty Financial Services index, down 0.7 percent, bleeding the most.
The broader markets, meanwhile, continued to outrun their benchmark peers, with the S&P BSE MidCap and SmallCap indexes trading 0.1 percent and 0.4 percent higher, respectively.
Thirty-six companies, including Asian Paints, Lupin, UPL, Apollo Tyres, Tata Power, and Pidilite Industries are scheduled to release quarterly earnings today.