The Indian stock market ended lower on Wednesday, extending losses for the second consecutive session. The fall in the markets was primarily due to losses by select heavyweights like HDFC Bank and ICICI Bank.
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
Shares of HDFC Bank ended as the top drag, closing 2.63% lower.
Among the sectors, media, power, and capital goods added 3%, while auto, metal, and telecom were up 1% each. Selling was seen in IT, FMCG, banking, oil & gas, among others.
Indian rupee recovered from the intraday low of 95.79 and ended flat at 95.69 per dollar against the previous close of 95.68.
On the Nifty, the key gainers were Hindalco Industries, Power Grid Corp, Tata Motors Passenger Vehicle, Eternal, NTPC, while the losers were ONGC, ITC, HDFC Life, HDFC Bank, and Wipro.
Around 160 stocks touched their 52-week high on the BSE. These included AIA Engineering, Usha Martin, HFCL, Granules India, Hindalco Industries, CG Power and Industrial Solutions, GE Vernova T&D India, Honasa Consumer, Hitachi Energy India, Adani Green Energy, Adani Energy Solutions, Cummins India, KEI Industries, Lloyds Metals and Energy, Kirloskar Oil Engines, Oracle Financial Services Software, Adani Power, Bharat Heavy Electricals, Laurus Labs and Adani Ports and Special Economic Zone, among others.
Adani Group stocks recorded gains with Adani Total Gas, Adani Energy Solutions, Adani Green Energy, and Adani Power spiked between 2% and 13.5%.
Tata Group stocks also traded higher, with Tata Motors PV, Tata Steel, and Tata Technologies closing up by 4%, 2%, and 1.9%, respectively.
Report by Statesman, Source:Dailyhunt
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