Stock Market Today: Nifty, Sensex Extend Fall For Third Day; HDFC, ICICI Bank Top Drags
SBI, Shriram Finance, Reliance Industries, Bharti Airtel and Axis Bank emerged as the top gainers for the day.
KEY HIGHLIGHTS
The End
That's all for today folks. While the markets have closed and the holiday season gets closer I am sure you are planning a trip somewhere. But if you are planning to go to Goa, maybe you can instead shift the location to Thailand as the hotel prices in Goa gets costlier than Thailand.
Read more here.
Stock Market At Closing: HDFC Bank, ICICI Bank Lead Decline
Most sectoral indices fell with Nifty Media leading the decline. Nifty PSU Bank and Nifty IT were in the green.
Nifty Media fell over 2% in trade and emerged as the top losing sector for the day.
Nifty Realty fell for the third consecutive day with Raymond and Sobha as the top losers.
Nifty Auto fall for the 3rd consecutive day
The market breadth was skewed in the favour of sellers, as 2,684 stocks declined, 1,481 advanced and 183 remained unchanged on the BSE.
SBI, Shriram Finance, RIL, Bharti Airtel and Axis Bank emerged as the top gainers for the day.
On the other hand, HDFC Bank, ICICI Bank, Max Health, Kotak Mahindra Bank and Bajaj Auto were the worst performers of the Nifty 50 index.
Stock Market At Closing
The benchmark equity indices extend loosing streak for the third day on Wednesday.
Intraday, both Nifty and Sensex had fallen nearly 0.35%.
Nifty ends 41.55 points or 0.16% lower at 25,818.55.
Sensex ends 102.88 points or 0.12% down at 84,577.
Broader indices also closed lower. Nifty Midcap 150 ended 0.55% lower with Indian Overseas Bank and FACT as the top losers in trade.
Nifty Smallcap 250 closed 0.72% lower extending decline for the second consecutive day. Decline was led by Saregama and Data Patterns.
Stock Market Live: Nifty To Hit 30,000?
Nifty that has underperformed in comparison to its global peers is likely to touch 30,000 in the coming years as the worst phase of earnings downgrades and macro pressures is behind India, setting the stage for a stronger performance over the next year.
Check what brokerages have to say. Click here.
Stock Market Live: How The Commercial Vehicle Cycle Is Shaping Tata Motors' CV Listing
The medium- and heavy-commercial-vehicle (MHCV) cycle is turning after a prolonged slowdown. The GST cut from 28% to 18% has lowered ownership costs and improved fleet profitability. This is expected to translate into higher demand, with Ambit Capital estimating that MHCV industry volumes will grow at a 4.2% CAGR over FY25–FY28.
Read full story here.
