Sensex, Nifty Drift Lower On Mixed Global Cues

(RTTNews) - Indian shares opened lower on Wednesday, tracking mixed global cues and on eve of F&O expiry.

The benchmark S&P/BSE Sensex dropped 300 points, or half a percent, to 60,680 in early trade, while the broader NSE Nifty index was down 96 points, or half a percent, at 18,022.

Adani Enterprises led losses to trade 4 percent lower while Apollo Hospitals Enterprise, IndusInd Bank, SBI and UltraTech Cement fell 1-2 percent.

Coffee Day Enterprises tumbled 3.2 percent as market regulator SEBI imposed a penalty of Rs. 26 crore on the company for diversion of funds from subsidiaries to a company related to promoters.