• Source:JND

Stock Market Today: The benchmark stock market indices, the Sensex and Nifty, fell in early trading on Thursday, reflecting weak global equity trends amid US debt and fiscal concerns. Early trading saw the 30-share BSE benchmark gauge, the Sensex, plummet 578.3 points to 81,018.33. At 24,610, the NSE Nifty fell 203.45 points.

Later, the Nifty quoted 233.80 points lower at 24,575.65, while the BSE benchmark traded 746.48 points lower at 80,832.82.

Leading Losers and Winners

The largest laggards among the Sensex companies were Mahindra & Mahindra, Tech Mahindra, Power Grid, Nestle, HCL Tech, Hindustan Unilever, Tata Consultancy Services, and ITC. Adani Ports and IndusInd Bank benefited at the same time.

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Global Markets

Shanghai's SSE Composite index was trading in the positive zone, while South Korea's Kospi, Japan's Nikkei 225 index, and Hong Kong's Hang Seng were all trading lower in Asian markets. Wednesday saw a steep decline in US markets.

Brent crude, a global oil benchmark, fell 0.05 per cent to USD 64.88 per barrel. After taking a day off, foreign institutional investors (FIIs) started purchasing on Wednesday. Based on exchange data, they purchased stocks valued at Rs 2,201.79 crore.

On Wednesday, the BSE benchmark rose 410.19 points, or 0.51%, to close at 81,596.63. At 24,813.45, the Nifty increased 129.55 points, or 0.52%.

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