HomeMarketsSensex slips after 2-day hiatus, Nifty slides below 17,750; all eyes on...

Sensex slips after 2-day hiatus, Nifty slides below 17,750; all eyes on Fed meet outcome

Published on


The domestic benchmark indices closed lower on Wednesday ahead of the US Federal Reserve’s policy meeting outcome. The selling pressure was seen across sectors.

The 30-share Sensex declined 262.96 points to end at 59,456.78. Its broader peer, Nifty50, ended at 17,718.35, up 97.90 points.

was the biggest loser from the 30-share pack, falling 3.19 per cent to Rs 1,223.90. was down 2.64 per cent, declined 2.40 per cent, and L&T fell 1.88 per cent. , , Dr Reddys Labs and were among the laggards.

Sectorally, the Nifty Metal index fell 2.09 per cent, while Nifty Pharma plunged 1.39 per cent. Nifty Midcap50 and Smallcap50 declined 0.61 per cent and 0.78 per cent, respectively.

Earlier in the day, Asian markets ended lower, China’s Shanghai Composite, South Korea’s Kospi and Japan’s Nikkei fell 0.17 per cent, 0.87 per cent and 1.36 per cent, respectively.

The market capitalisation of all listed companies on BSE declined Rs 2.23 lakh crore to Rs 281.19 lakh crore from Rs 283.42 lakh crore on Tuesday.

The market breadth was skewed in favour of bears. About 2,173 declined, 1,286 stocks gained, and 128 remained unchanged.



Source link

Latest articles

Meta Announces 2022 Facebook Communities Summit Event

Meta has announced the date for its 2022 Facebook Communities Summit, with a...

Instagram Moves to Next Stage of Development with Creator ‘Media Kit’ Option

Instagram continues to push ahead with its plans for a new in-app Media...

In 2nd-worst football stadium disaster, 125 killed in Indonesia – Times of India

MALANG (INDONESIA): At least 125 people were killed and more than 320 injured...

More like this

Indian crypto exchange WazirX fires 40% of staff: Report

New Delhi: Amid the current global economic slowdown, crypto exchange WazirX has reportedly...

ETMarkets Trade Talk: How this Delhi derivatives trader bounced back with a bang after Rs 4-cr loss

Many successful traders on Dalal Street have memorable stories on how they turned...