After a lacklustre morning opening, stock markets on Wednesday ended the day in the red. Both Sensex and Nifty 50 fell by over 0.9 per cent from the previous close on Tuesday. While the BSE Sensex was trading at 36,329.01, down by over 345 points at the day’s end, the broader market NSE Nifty 50 closed at 10705.75, down by over 104 points.
In the 30 share BSE Sensex, only 8 stocks were trading in the green at close while the remaining 22 were trading in the red. The top gainers on Wednesday at the end of the day’ trade were Indusind Bank, SBI, Hindustan Unilever, Tata Steel and ITC while the top losers were Bajaj Finance, Asian Paints, Bajaj Finserv, HCL Technologies and Maruti Suzuki.
Meanwhile, Indusind Bank, Vedanta Limited, JSW Steel, Hindalco Industries and Dr Reddy’s were the top gainers on Nifty Fifty on Wednesday in the closing trade. The top losers were Bajaj Finance, Asian Paints, Tata Motors and HCL Technologies.
Among the top Nifty indices, Nifty Bank, Nifty Auto and Nifty IT traded negatively, down by almost 0.4 per cent, 2 per cent and 1.7 per cent respectively. Meanwhile Nifty Metal and Nifty Pharma were trading up by over 1.3 and 0.5 per cent minutes before the close.
On Tuesday, the Sensex ended at 36,674.28, up by almost 0.5 per cent while the Nifty 50 closed at 10,779.65, up almost by 0.33 per cent. The Indian stock markets traded with a positive sentiment on Monday.
Today, the USDINR futures were trading at around 50 75.2075 against the USD at 3:45 pm on BSE.
Asian stocks were set for a mixed open on Wednesday, as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery, leading some investors to cash in on recent gains ahead of earnings season. Australian S&P/ASX 200 futures lost 0.50 per cent in early trading, while Japan`s Nikkei 225 futures added 0.11 per cent, and Hong Kong`s Hang Seng index futures rose 0.39 per cent.
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US stocks fell on Tuesday, halting a five-day winning streak by the benchmark S&P 500 index, its longest this year, which had been driven by better-than-expected economic data.
Inputs from Reuters