Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the negative territory. The NSE Nifty 50 slid 122.65 points, or 0.49%, to 24,918.45, while the BSE Sensex dropped 398.13 points, or 0.49%, to 81,523.16. The broader indices finished mixed, with large-cap and mid-cap equities falling the most. The Bank Nifty index fell 262.30 points, or 0.51%, to conclude at 51,010. FMCG outperformed the other sectors indices, but Media and PSU Banks’ equities fell.
Market Updates:
The NSE Nifty 50 plunges 122.65 points or 0.49% to settle at 24,918.45, while the BSE Sensex fell 398.13 points or 0.49% to 81,523.16.
As of 3 PM, Bajaj Auto emerged as the top gainer on the NSE, rising by 3.88%, followed by Asian Paints, up 2.19%, and Bajaj Finance, which gained 1.44%. Other notable gainers included Britannia with a 0.57% increase and Shriram Finance, up by 0.55%.
On the losing side, Tata Motors experienced the steepest decline, falling by 5.55%. ONGC followed with a 3.57% drop, while Wipro, Hindalco, and SBI recorded losses of 2.15%, 1.87%, and 1.73%, respectively.
Bajaj Auto is single-handedly contributing 0.5% to the index. However, as UBS maintained a “Sell” rating on Tata Motors, there’s a strong push back from it.
Courtesy: NSE
Bajaj Auto twins along with ITC, Infosys, and Bharti Airtel are pulling the index higher.
Courtesy: NSE
The Nifty 50 was up 0.20% at 25,091 while the Sensex was up 0.22% at 82,101.
The NSE Nifty 50 opens down by 7.10 points or 0.03% at 25,034, while the BSE Sensex gains 6.83 points or 0.01% to 81,928.12 in the opening trade.
Asian markets were trading lower on Wednesday morning. Japan’s Nikkei 225 fell 0.55% to 35,962, while South Korea’s Kospi declined 0.34% to 2,514.85. The Asia Dow edged down 0.17% to 3,453.54, and China’s Shanghai Composite dropped 0.67%, trading at 2,725.78.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading down 0.13% at 101.52 on Wednesday morning.
US markets closed on a mixed note on Tuesday. The broader market index, the S&P 500 closed 0.45% higher at 5,495.52. Similarly, the tech-heavy Nasdaq Composite gained 0.84% to settle at 17,025.88. However, the Dow Jones Industrial Average index declined 92.63 points or 0.23%, to end at 40,736.96.
Source:FE
