Stock Market Today: Nifty, Sensex Fall For Third Straight Session To Close At Two Month Lows
Nifty ended 0.16% or 37.95 points down at 24434.15 and Sensex closed 0.17% or 138.74 points lower at 80081.98.
KEY HIGHLIGHTS
US Futures Decline
The S&P 500 futures down 0.18% at 5,881.75, and the Dow Jones Industrial Average future fell 0.40% to 42,996.00 as of 3:29 p.m. The Nasdaq 100 futures fell 0.28% to 20,484.00 as of 3:30 p.m.
Economic Data, Events Later Wednesday
UK: MPC Member Breeden Speaks
US: FOMC Member Bowman Speaks
Europe: ECB President Lagarde Speaks
Europe: Consumer Confidence
US: Existing Home Sales
US: Crude Oil Inventories
US: FOMC Member Barkin Speaks
Nifty, Sensex Fall For Third Straight Session To Close At Two Month Lows: Market Wrap
Benchmark equity indices fell for a third consecutive session to end at their lowest level since August 14 again amid quarterly earnings releases.
The indices saw a volatile session as they gained as much as 0.5% intraday and fell as much as 0.4% as well to finally close a little lower. Nifty ended 0.16% or 37.95 points down at 24434.15 and Sensex closed 0.17% or 138.74 points lower at 80081.98.
"As indicated yesterday, Nifty50 took the support at the zone of 24,370-24,430 and it will continue to serve as a support zone while on the higher, 24,670 will be considered as immediate resistance," said Aditya Gaggar, director of Progressive Shares.
Shares of ICICI Bank Ltd., Mahindra & Mahindra Ltd., Larsen & Toubro Ltd., Sun Pharmaceutical Industries Ltd., and Axis Bank Ltd. pulled the index lower.
While those of HDFC Bank Ltd., Bajaj Finance Ltd., Infosys Ltd., Tata Consultancy Services Ltd., and HCL Tech Ltd. cushioned the fall.
Sectoral indices were mixed at close; Nifty IT rose the most and Nifty Pharma was top loser.
Market breadth was skewed in favour of buyers. Around 2,187 stocks advanced, 1,743 stocks declined, and 101 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.48% and 0.93% higher, respectively.
On BSE, 12 sectors declined, and eight advanced out of 20. The BSE Power declined the most, and the BSE IT rose the most.
Markets At Close
Nifty and Sensex end lower for a third consecutive session
Both Nifty and Sensex recorded their lowest closing since August 14
Nifty ends 0.16% or 37.95 points down at 24434.15
Sensex ends 0.17% or 138.74 points lower at 80081.98
Intraday, both the indices had risen around 0.5%
Broader indices outperformed; Nifty Midcap 100 ended 0.5% up and Nifty Smallcap 250 closed 0.99% higher
Sectoral indices were mixed at close; Nifty IT rose the most and Nifty Pharma was top loser
Bajaj Finance and Tech Mahindra were top Nifty gainers
M&M and Sun Pharma fell the most
Heritage Foods Locked In Lower Circuit After Results
Heritage Foods consolidated net profit for the September quarter rose to Rs 48.6 crore from Rs 22.4 crore year ago quarter and revenue rose 4.2% to Rs 1,020 crore.
