New Delhi: On Wednesday, Indian market indexes fell for the second day in a row, dragged down by technology, pharmaceutical, and consumer goods firms. Domestic indices retreated from early gains due to rising inflation concerns, as the country's economic growth slowed to its lowest level in a year in the fourth quarter (Q4) of fiscal year 2021-22.
The 30-share BSE Sensex down 185 points, or 0.33 percent, to 55,381, while the wider NSE Nifty dropped 62 points, or 0.37 percent, to 16,523. Mid- and small-cap stocks ended the day slightly higher, with the Nifty Midcap 100 up 0.04 percent and small-cap up 0.28 percent.
Nine of the NSE's 15 sector gauges ended the day in the red. The Nifty IT, Nifty Pharma, and Nifty Consumer Goods sub-indices all underperformed the platform, sliding 1.41 percent, 1.21 percent, and 0.72 percent, respectively.
Bajaj Auto was the worst performer on the Nifty, falling 3.65% to Rs.3,723. Among the laggards were Apollo Hospitals, Hindalco, Tech Mahindra, and Bajaj Finserv. On the BSE, however, the overall market breadth was positive, with 1,854 shares rising and 1,471 falling.
Nestle India, Bajaj Finserv, Sun Pharma, Hindustan Unilever, PowerGrid, UltraTech Cement, HCL Tech, Infosys, Wipro, Bajaj Finance, and Dr. Reddy's were among the top losers on the 30-share BSE index. On the other hand, M&M, HDFC, Kotak Mahindra Bank, Tata Steel, HDFC Bank, ITC, NTPC, SBI, ICICI Bank, and Axis Bank all finished in the green.
cryptocurrency prices today: Bitcoin, Cardano gain; ether, dogecoin fall
Govt clears entire GST compensation dues to states
ONGC sees crude oil production rising 11-pc, gas output growing 25-pc by FY25