Finance
Today’s Stock Market News | Sensex, Nifty, and Stock Prices Highlights: The major domestic indices finished Wednesday’s trading session in the red. The NSE Nifty 50 dropped 0.47% to 19,436.10, while the BSE Sensex declined 286.06 points to 65,226.04. The border indexes settled in the red zone. The Bank Nifty index fell 435 points, or 0.98%, to 43,964.05. Except for IT and FMCG, the other sectors indices finished in the red. PSU bank stocks down 2.83%, while Realty, Pharma, Metal, Media, Auto, and Financial Services all fell more than 1%.
Adani Enterprises, Nestle India, Eicher Motors, Hindustan Unilever, HDFC Bank, Britannia Industries and Asian Paints were the top gainers on the NSE.
Axis Bank, Ultratech Cement, State Bank of India, IndusInd Bank and Larsen & Toubro were the top losers on the NSE during the intra-day trade on Wednesday.
“COMEX Gold prices declined for the seventh straight day on Tuesday, as the precious metal came under immense pressure from surging yields and elevated dollar index. The yield on the US 10-year notes surpassed 4.8%, as strong economic data underscored the resilience of the US economy to high borrowing costs, improving the conviction that Fed might be forced to keep rates elevated. Robust JOLTs job openings data, smallest contraction in September factory activity and hawkish comments from Fed officials continue to strengthen the expectation that interest rates will remain elevated for a longer period. Today the focus will be on US ISM Services PMI and ADP Non-farm employment change for more cues on the economy. As long as the US data keeps coming better, yields might continue the upside, weighing down on bullions,” said Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities.
Wall Street ended lower on Tuesday. The tech-heavy Nasdaq Composite tanked 248.31 points, or 1.87%, to 13,059.47. The Dow Jones Industrial Average plunged 430.97 points, or 1.29%, to 33,002.38, while the S&P 500 fell 58.94 points, or 1.37%, to 4,229.45.
Source:FE
