Indian Benchmark Indices Decline
New Delhi: On Wednesday, Indian benchmark indices continued their downward trajectory, with both the BSE Sensex and Nifty 50 starting the day in the negative. At the market opening, the Sensex fell by 309.75 points, or 0.39 percent, settling at 79,910.97. Meanwhile, the Nifty 50 decreased by 23.75 points, or 0.1 percent, reaching 24,448.35.
Top Losers on NSE
Several stocks experienced significant losses during the early trading session. Notable losers on the NSE included NTPC, Power Grid, Mahindra & Mahindra, Shri Ram Finance, Coal India, ONGC, and BEL.
Early Gainers on NSE
Despite the overall market decline, some stocks managed to show positive movement. Among the top gainers in early trade were Bajaj Finance, Bajaj Finserv, HDFC Bank, Bajaj Auto, and Britannia.
Performance of Asian Markets
In the Asia-Pacific region, market performances varied. Japan’s Nikkei 225 declined by 0.04 percent, while the Topix index saw a slight increase of 0.19 percent. South Korea’s Kospi rose by 0.43 percent, although the Kosdaq experienced a decrease of 0.72 percent. Australia’s S&P/ASX 200 saw a modest gain of 0.14 percent. In China, the Shanghai Composite fell by 0.08 percent, and the CSI300 dropped by 0.53 percent. Conversely, Hong Kong’s Hang Seng index advanced by 0.39 percent.
Market Recap from the Previous Day
On Tuesday, the markets faced a challenging trading day, with both indices suffering substantial declines. The Sensex plummeted by 930.55 points, or 1.15 percent, closing at 80,220.72. The Nifty 50 also dropped, falling by 309 points, or 1.25 percent, to end the day at 24,472.10.