The wider NSE Nifty fell 24 points, or 0.11 percent, to trade at 20,882, while the 30-share BSE Sensex pack fell 123 points, or 0.18 percent, to trade at 69,428,.
OVERVIEW
- In terms of individual stocks, Infosys broke 1.31 percent, making it the worst performer in the Nifty pack.
- Axis Bank, ONGC, HDFC Life, and Tata Consultancy Services (TCS) all saw declines of up to 1.09 percent.
- On the other hand, the top gainers were Hero MotoCorp, NTPC, BPCL, ITC, and Eicher Motors.
Early trading on Wednesday saw a decline in Indian equity benchmarks, led by stocks in the banking, financial, and information technology (IT) sectors. The wider NSE Nifty fell 24 points, or 0.11 percent, to trade at 20,882, while the 30-share BSE Sensex pack fell 123 points, or 0.18 percent, to trade at 69,428,. Nonetheless, mid- and small-cap stocks saw gains as the Nifty Midcap 100 increased by 0.02 percent and the small-cap saw an increase of 0.15 percent. The fear index, or VIX, increased by 0.53% to the 12.78 level in India.
The majority of Asian markets saw lower trading today. Wall Street stocks closed higher overnight. Investors are currently awaiting the US Federal Reserve’s policy announcement, which is expected on Thursday at 12:30 a.m.
Back home, rising food prices caused retail inflation in November to increase at the quickest rate in three months, 5.55 percent.
According to exchange data, domestic institutional investors (DIIs) bought shares worth Rs 1,923.32 crore and foreign institutional investors (FIIs) bought shares worth Rs 76.86 crore on a net basis during the previous session.
The NSE compiled 15 sector gauges, and eight of them were trading negatively. The NSE platform was outperforming the sub-indices Nifty Bank, Nifty Financial Services, and Nifty IT, which saw declines of up to 0.25 percent, 0.26 percent, and 0.72 percent, respectively. Conversely, Nifty FMCG and Nifty Auto saw increases of 0.34 and 0.32 percent, respectively.
Regarding individual stocks, Infosys was the worst performer in the Nifty pack, with shares plunging 1.31 percent to settle at Rs 1,456.75. Axis Bank, HDFC Life, ONGC, and Tata Consultancy Services Ltd (TCS) all saw declines of up to 1.09 percent.
On the other hand, the top gainers were Hero MotoCorp, NTPC, BPCL, ITC, and Eicher Motors.
Axis Bank, HDFC Bank, Infosys, TCS, Bajaj Finance, and Kotak Mahindra Bank were among the top laggards on the 30-share BSE index.
A further five-and-a-half percentage points were lost by Bank of India, Adani Total Gas, Sonata Software, Suntech Realty, and Paytm. Vaibhav Global, PFC, Tanla Platforms, Equitas Small Finance Bank, Motilal Oswal Financial Services, Chalet Hotels & KPIT Tech, on the other hand, increased to 6.97 percent.
There was a positive overall market breadth, with 1,852 shares rising and 1,080 shares falling on the BSE.
