Sensex Ends 236 Points Lower, Nifty Near 24,550; NTPC, HUL Fall Up To 3% – News18
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Benchmark Indian equity indices, BSE Sensex and Nifty 50, started Thursday’s trading session on a weak note.
Stock Market Updates
Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Thursday’s trading session in the red. The 30-share Sensex dropped 236.18 points, or 0.29%, to close at 81,289.96, trading within a range of 81,680.97 to 81,211.64 during the day.
Similarly, the NSE Nifty50 closed at 24,548.70, down by 93.10 points or 0.38% from its previous close. The Nifty50 traded between 24,675.25 and 24,527.95 on Thursday.
Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices both ended lower by 0.46% and 0.9%, respectively.
Out of the 50 Nifty50 constituent stocks, 35 ended lower, with NTPC, Hindustan Unilever, Coal India, Hero MotoCorp, and BPCL leading the losses, which extended up to 2.63%. On the other hand, Adani Enterprises, Bharti Airtel, IndusInd Bank, Tech Mahindra, and Adani Ports were among the top gainers, with increases of up to 1.90%.
Global Cues
In the Asia-Pacific region, most markets traded higher on Wednesday, following overnight gains on Wall Street. Japan’s Nikkei 225 surged 1.55%, and the Topix rose 1.17%. However, Australia’s S&P/ASX 200 edged down by 0.09%.
South Korea’s Kospi gained 0.64%, while the small-cap Kosdaq was up by 0.90%.
In China, the CSI 300 rose by 0.14%, while the Shanghai Composite dipped 0.07%. Hong Kong’s Hang Seng index saw a slight increase of 0.12%.
Global markets, including Wall Street, saw a rise on Wednesday after a favorable inflation report fueled expectations of an interest rate cut by the Federal Reserve later this month.
The U.S. dollar reached a two-week high, and gold prices increased. Oil prices climbed by over $1 after the European Union agreed to impose further sanctions on Russian oil.
European stocks recovered earlier losses to end higher, while U.S. Treasury yields rose following the sale of long-term debt and data revealing a widening U.S. budget deficit.
In the U.S. stock market, the Dow Jones Industrial Average dropped by 99.27 points, or 0.22%, to 44,148.56. Meanwhile, the S&P 500 rose by 49.28 points, or 0.82%, to 6,084.19, and the Nasdaq Composite surged by 347.65 points, or 1.77%, to 20,034.89.
