Mumbai, August 12: The Indian stock market closed in the red during Wednesday’s trading session. The Sensex fell by 187.90 points, or 0.24%, ending at 77,966.35, while the Nifty dropped by 35.75 points, or 0.15%, to close at 24,435.95.
IT stocks exerted pressure on the market, with the Nifty IT index being the top loser, down 1.54%. Other sectors also faced declines, including Nifty FMCG at 0.73%, Nifty Consumption at 0.50%, Nifty Consumer Durables at 0.45%, Nifty Healthcare at 0.44%, Nifty Auto at 0.32%, Nifty Services at 0.14%, and Nifty Commodities at 0.07%.
Conversely, some sectors saw gains, with Nifty PSU Bank up by 2.05%, Nifty Media rising by 1.05%, Nifty India Defense increasing by 0.70%, Nifty Metal up by 0.54%, Nifty PSE rising by 0.38%, Nifty Infra increasing by 0.27%, and Nifty Energy up by 0.18%.
The broader market showed mixed performance. The Nifty Midcap 100 index rose by 180.55 points, or 0.28%, to reach 64,024.40, while the Nifty Smallcap 100 index fell by 35.50 points, or 0.18%, closing at 19,821.65.
Among the gainers in the Sensex pack were SBI, Bharti Airtel, UltraTech Cement, Power Grid, BEL, ICICI Bank, and Kotak Mahindra Bank. On the losing side were TCS, Mahindra & Mahindra, Tata Steel, L&T, Eternal, Infosys, ITC, Trent, Bajaj Finance, Maruti Suzuki, and HUL.
Experts indicate that investors are eagerly awaiting inflation data. This month’s figures are particularly significant due to the considerable fluctuations in crude oil prices observed in July. Investors are keen to understand the impact of these changes on inflation.
They further noted that the overall market trend remains positive. While the Sensex and Nifty are under pressure, the Midcap and Smallcap indices are nearing all-time highs, indicating sustained investor confidence in the Indian market.
Leave a Comment