- By Aditya Pratap Singh
- Wed, 30 Oct 2024 04:21 PM (IST)
- Source:JND
Stock Market: The Sensex and the Nifty fell on Wednesday, with banking and financial stocks pulling the benchmark indices lower amid weak trends in global markets. The BSE Sensex fell 426.85 points, or 0.53 per cent, to 79,942.18, traders said, adding that weak earnings numbers and persistent foreign capital outflows also weighed on market sentiment.
The NSE Nifty declined 126 points, or 0.51 per cent, to 24,340.85. Among the 30-share Sensex pack, ICICI Bank, Infosys, Mahindra & Mahindra, Kotak Mahindra Bank, State Bank of India, HCL Technologies, Axis Bank, NTPC and HDFC Bank fell.
In contrast, IndusInd Bank, Maruti, ITC, Adani Ports, and Ultratech Cement bucked the broader market trend to close in the green.
Foreign institutional investors were net sellers in the capital markets on Tuesday, offloading shares worth Rs 548.69 crore, according to exchange data. In Asian markets, Seoul, Shanghai and Hong Kong ended lower, while Tokyo closed in the green. The European markets were trading with small gains. The US markets ended on a mixed note on Tuesday. The global benchmark Brent crude rose 0.63 per cent to USD 71.57 a barrel.
The BSE benchmark had risen 363.99 points, or 0.45 per cent, to 80,369.03 on Tuesday. The Nifty had gained 127.70 points, or 0.52 per cent, to 24,466.85.
Also Read: Adani Enterprises Share Price Surges 5% After Q2 Net Profit Jumps 664% In Q2
Rupee Falls 4 Paisa
The rupee closed at 84.09 (provisional) against the US dollar on Wednesday, down 4 paise from the previous close, amid weak domestic equities and month-end dollar demand from importers.
Foreign exchange traders said the Reserve Bank of India's (RBI) timely intervention supported the local currency at lower levels.
In the interbank forex market, the rupee opened at 84.06 against the greenback. It traded in a narrow range and ended the day at 84.09 (provisional), down 4 paise from its previous close. On Tuesday, the rupee rose 2 paise to 84.05 against the US dollar.