New Delhi: Stock markets witnessed decline for the second consecutive day on Wednesday, mainly due to selling pressure in HDFC Bank. it share Amidst the backdrop of weak global trends.
The benchmark Sensex closed at 71,356.60, down 535.88 points or 0.75%. During the day, it witnessed a massive decline of 588.51 points or 0.81%, reaching a low of 71,303.97.
as wide as nifty index of National Stock Exchange It also declined by 148.45 points or 0.69% to close at 21,517.35.
JSW Steel among major laggards on Sensex tata ispatTech Mahindra, Infosys, Wipro, Tata Consultancy Services, Nestle, HCL Technologies, HDFC Bank and Maruti.
On the contrary, some companies like IndusInd Bank, ITC, Bharti Airtel and State Bank of India emerged as winners in the market on that particular day.
European markets were trading lower. On Tuesday, US markets closed mostly with losses.
“The lack of fresh triggers and concerns over valuations led investors to remain on the sidelines. Weak global indicators such as contraction in China and euro zone manufacturing data raised concerns about the global economic recovery in 2024. Importantly, The market was waiting for the Fed to arrive a few minutes later for rate insights today, said Vinod Nair, head of research at Geojit Financial Services.
India’s manufacturing sector growth slowed to an 18-month low in December due to soft growth in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday.
Global oil benchmark Brent crude fell 0.55 percent to $75.47 a barrel.
According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 1,602.16 crore on Tuesday.
On Tuesday, the Sensex closed at 71,892.48 with a fall of 379.46 points or 0.53 percent. Nifty fell by 76.10 points or 0.35 percent to 21,665.80.
The benchmark Sensex closed at 71,356.60, down 535.88 points or 0.75%. During the day, it witnessed a massive decline of 588.51 points or 0.81%, reaching a low of 71,303.97.
as wide as nifty index of National Stock Exchange It also declined by 148.45 points or 0.69% to close at 21,517.35.
JSW Steel among major laggards on Sensex tata ispatTech Mahindra, Infosys, Wipro, Tata Consultancy Services, Nestle, HCL Technologies, HDFC Bank and Maruti.
On the contrary, some companies like IndusInd Bank, ITC, Bharti Airtel and State Bank of India emerged as winners in the market on that particular day.
European markets were trading lower. On Tuesday, US markets closed mostly with losses.
“The lack of fresh triggers and concerns over valuations led investors to remain on the sidelines. Weak global indicators such as contraction in China and euro zone manufacturing data raised concerns about the global economic recovery in 2024. Importantly, The market was waiting for the Fed to arrive a few minutes later for rate insights today, said Vinod Nair, head of research at Geojit Financial Services.
India’s manufacturing sector growth slowed to an 18-month low in December due to soft growth in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday.
Global oil benchmark Brent crude fell 0.55 percent to $75.47 a barrel.
According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 1,602.16 crore on Tuesday.
On Tuesday, the Sensex closed at 71,892.48 with a fall of 379.46 points or 0.53 percent. Nifty fell by 76.10 points or 0.35 percent to 21,665.80.
