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Stock market today: Indian equity benchmark indices ended in red on Wednesday as renewed concerns about an economic slowdown in the United States impacted global markets and caused shares of information technology companies to fall.
The BSE Sensex closed at 82,352.64, dropping 202.80 points or 0.25 per cent, after falling as much as 721.75 points or 0.87 per cent to 81,833.69 during the trading session.
The NSE Nifty ended its rally, declining by 81.15 points or 0.32 per cent to settle at 25,198.70. During the day, it plummeted by 196.05 points or 0.77 per cent to 25,083.80. The Nifty had previously surged nearly 1,141 points or 4.59 per cent over the course of 14 consecutive days.
Several major companies on the Sensex, including ICICI Bank, State Bank of India, Axis Bank, Mahindra & Mahindra, Infosys, Larsen & Toubro, Tata Steel, Tata Consultancy Services, Bajaj Finance, and Adani Ports, were among the top losers. However, Asian Paints, Hindustan Unilever, UltraTech Cement, Sun Pharma, and Reliance Industries managed to post gains.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, closed significantly lower, while European markets were also trading in negative territory. The US markets had ended notably lower on Tuesday.
Vinod Nair, Head of Research at Geojit Financial Services, was quoted as saying by PTI, “The warning signals from weak US manufacturing data added concerns about a potential slowdown in the US economy, which dragged the domestic indices. Due to a lack of major domestic triggers, the indices will take direction based on global cues.”
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 1,029.25 crore on Tuesday. The global oil benchmark, Brent crude, declined by 0.14 per cent to USD 73.65 a barrel.
The BSE Sensex closed at 82,352.64, dropping 202.80 points or 0.25 per cent, after falling as much as 721.75 points or 0.87 per cent to 81,833.69 during the trading session.
The NSE Nifty ended its rally, declining by 81.15 points or 0.32 per cent to settle at 25,198.70. During the day, it plummeted by 196.05 points or 0.77 per cent to 25,083.80. The Nifty had previously surged nearly 1,141 points or 4.59 per cent over the course of 14 consecutive days.
Several major companies on the Sensex, including ICICI Bank, State Bank of India, Axis Bank, Mahindra & Mahindra, Infosys, Larsen & Toubro, Tata Steel, Tata Consultancy Services, Bajaj Finance, and Adani Ports, were among the top losers. However, Asian Paints, Hindustan Unilever, UltraTech Cement, Sun Pharma, and Reliance Industries managed to post gains.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, closed significantly lower, while European markets were also trading in negative territory. The US markets had ended notably lower on Tuesday.
Vinod Nair, Head of Research at Geojit Financial Services, was quoted as saying by PTI, “The warning signals from weak US manufacturing data added concerns about a potential slowdown in the US economy, which dragged the domestic indices. Due to a lack of major domestic triggers, the indices will take direction based on global cues.”
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 1,029.25 crore on Tuesday. The global oil benchmark, Brent crude, declined by 0.14 per cent to USD 73.65 a barrel.
