Finance
Share Market Today, Share Market Highlights: The benchmark equity indices finished Wednesday’s trading session in the red. The NSE Nifty 50 down 302 points, or 1.41%, to 21,150.15, while the BSE Sensex fell 930.88 points, or 1.30%, to 70,506.14. The broader indices finished in the red, with Midcap and Smallcap equities leading the way. The Bank Nifty index fell 425.60 points, or 0.89%, to 47,445.30. Media and public sector banks are down more than 4%, while energy, real estate, and automobiles are down more than 2%. The biggest gainers on the NSE Nifty 50 were ONGC, Tata Consumer Products, Britannia Industries, and Cipla, while the laggards were Adani Ports and SEZ, Adani Enterprises, Tata Steel, UPL, and Coal India. The Indian Volatility Index (India VIX) finished 4.20% higher.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.03% at 102.20.
U.S. equities maintained their upward momentum as bond yields declined following unexpected housing data. Traders are speculating that the Federal Reserve is likely to pursue a gradual economic slowdown strategy, leading to anticipation of rate cuts, reported Bloomberg. The tech-heavy Nasdaq Composite gaied 84.32 points or 0.57% at 14,989.13. The S&P 500 jumped 22 points or 0.46% at 4,762.56, while the Dow Jones Industrial Average ended higher by 197.37 points or 0.53% to 37,503.39.
Source:FE
