Sensex settle 254 points lower, Nifty hit above 17,700, See top stocks

Indian equity benchmarks extended losses to a second consecutive day on Wednesday amid weakness across global markets. The BSE Sensex was down 254.33 points at 59,413.27, and the Nifty was down 37.30 points at 17,711.30. About 1830 shares have advanced, 1371 shares declined, and 151 shares are unchanged.

Coal India, NTPC, Power Grid Corporation, Sun Pharma, and IOC were among the gainers on the Nifty while HDFC, Kotak Mahindra Bank, Asian Paints, UltraTech Cement, and HUL were among the major losers

Sectorally the power, metal, pharma, and realty indices added 1-3.5 per cent, while selling was seen in the auto, bank, capital goods, FMCG names. The BSE midcap and smallcap indices ended in the green.  Seven of 15 sector gauges compiled by the NSE ended lower led by the Nifty Private Bank index's over 1 per cent fall. Nifty FMCG, Financial Services, Auto and Bank indices also fell around 0.5 per cent.


Asian markets mostly fell Wednesday following a rout on Wall Street as investors fret over surging inflation, the end of the Federal Reserve's financial support, and a standoff in Washington that could end with a catastrophic US debt default.

Gold Price: Gold prices weakened further today in Indian markets amid a slide in global rates. On the Multi Commodity Exchange, gold futures were down 0.46 percent to near six-month low of Rs 45859 per 10 gram while silver rates dropped 0.3 percent to Rs 60,450 per kg. 

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