Finance
Today’s Stock Market News | Sensex, Nifty, and Stock Prices Highlights: Domestic indices suffered massive losses on Wednesday, with the Nifty 50 falling below 17,560 and the Sensex falling below 59,750. As a result of the negative global market sentiment, the Bank Nifty breached the critical level and closed below 40000. The Nifty 50 fell 272.40 points, or 1.53%, to 17,554.30, while the BSE Sensex fell 927.74 points, or 1.53%, to 59,744.98. ITC (up 0.50%) and Bajaj Auto (up 0.26%) were the only gainers on the Nifty 50, while Adani Enterprises (down 11.05%), Adani Ports (down 7.24%), Grasim (down 3.44%), Bajaj Finance (down 2.94%), and JSW Steel (down 2.79%) were the only losers.
Wall Street tumbled sharply overnight on Wednesday, as all three major indexes ended lower, led by selloffs in technology, consumer discretionary, industrials and financial stocks. The Dow Jones Industrial Average fell 2.06%, the S&P 500 lost 2.01% and the Nasdaq Composite dropped 2.5% as sentiments soured on S&P Global’s PMI data. Business activity in the U.S. rebounded sharply, touching an eight-month high, which sent fears of further rate hikes soaring.
The US markets ended Tuesday’s session broadly lower with Dow Jones Industrial Average tanking 697.01 pts or 2.06% to 33,129.59, tech-heavy Nasdaq sank 294.97 pts or 2.50% to 11,492.30 and S&P 500 plunged 81.75 pts or 2% to 3,997.34.
All major Asian markets were trading in red with China’s Shanghai Composite index falling 0.40%, Japan’s Nikkei 225 sinking 1.49%, Hong Kong’s Hang Seng slipping 0.49% and South Korea’s KOSPI dipping 1.47%.
Source:FE
