Indian equities open lower on weak global cues
Mumbai, Oct 22 Indian equities opened lower Wednesday on weak global cues, especially worried over the poor performance on Wall Street, with investors rushing to book profits on previous day's gain.The sensitive index of the Bombay Stock Exchange opened at 10,455.23, as against the previous close at 10,683.39, and dipped further to 10,364.24 points.
``Today, we expect the Indian markets to open lower following weak global cues. However, later during the day it could try and recover part of the losses. Among the sectors, Banking and IT stocks look weak. Sectors like FMCG and Healthcare could outperform, `` said HDFC Securities.