NSE Nifty closed at 9030 levels, down by 91 points or 1%. BSE Sensex closed at 29,167 levels, down by 317 points or 1.1%.
There were 481 advances, 1142 declines and 299 unchanged stocks on NSE, reflecting bearish undertone floating in the market. HCL Tech was the top Nifty gainer whereas, Bharti Airtel was the top Nifty loser in Wednesday’s trading session. While, BSE Mid-cap Index closed down 0.8% at 13729 whereas, BSE Small-cap Index closed up 0.9% at 13899.BSE Telecom index was the top losing index on Wednesday’s trade, with Bharti Airtel and Idea pulling the index to its lows. Bharti Airtel closed at Rs 337 per share down by Rs 11 or 3.3%, whereas Idea Cellular closed at Rs 91.35 per share down by 1 or 1.7%.
Realty stocks are gaining ground in lunch hours of Wednesday’s trade. Stocks such as, Sobha is up by 6.1%, Godrej Properties is up by 4%, Oberoi Realty is up by 4.1%, Prestige is up by 2.4% and HDIL is up by 0.6% on the BSE. Meanwhile, some of the stocks in the BSE Realty index are trading in red such as, Unitech is down by 1.8%, DLF is down by 1.5%, Phoenix is down by 1.3%, Indiabulls Real Estate is down by 1% and Omaxe is down by 0.6% At 1 PM, the S&P BSE Sensex is trading at 29290 down 195 points, while NSE Nifty is trading at 9062 down 59 points. A total of 32 stocks registered a fresh 52-week high in trade today, while 27 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading down 0.6% at 13765, whereas BSE Small-cap Index is trading down 0.4% at 13958. Some buying activity is seen in Realty index, while FMCG, Utilities, Capital Goods and Metal indices are showing weakness on BSE. Axis Bank, Dr Reddy’s Labs, HCT Tech, Cipla, Wipro and Sun Pharma are among the gainers, whereas Bharti Airtel, Hindalco, M&M, ICICI Bank, BHEL, BPCL and Tata Motors DVR are losing on the NSE. The INDIA VIX is up 1.6% at 12.1.
At 9:15 AM, the BSE Sensex opened down by 144 points at 29341, while the Nifty50 opened down by 63 points at 9055 mark.
Hero MotoCorp is the top Nifty gainer and Idea is the top Nifty loser in the morning hours. Here MotoCorp is trading at Rs 3319 per share down by 0.4% whereas Idea is trading at Rs 90 per share, down by 3.2%. There are 346 advances, 1008 declines and 448 unchanged stocks on NSE reflecting some negative bias floating in the market. Nifty50 index has to surpass its immediate hurdle in the range of 9,160-9,170 to witness a fresh upmove up to the level of 9,220. On the downside, the zone of 9,060-9,075 is likely to act as a strong support zone. The rupee opened at 65.56 per dollar lower by 25 paise. The US stock indices sank on Tuesday as the Dow and the Nasdaq logged their worst daily drops since September, while the S&P 500 index closed lower more than 1% for the first time since October 11. The Dow Jones Industrial Average dropped 238 points to close at 20,688 and the Nasdaq fell 108 point to finish at 5,794. Asian stocks declined on Wednesday tracking sharp correction on Wall Street. Japan’s Nikkei 225 has slipped 2% followed by Hong Kong’s Hang Seng which is trading lower by 250 points and the Shanghai Composite has slid 7 points.
