Sensex slips over 550 points, Nifty settles below 19,700 mark
What's the story
The benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 0.83% to 65,877.02 points, the Nifty fell 0.71% to 19,671.10 points. While the broader market traded near the flat line, the midcap stocks showed bearish signals as the Nifty Midcap 50 plunged 129.9 points, or 1.13%, to 11,542.75 points. Here are more details on the markets' performance on Wednesday.
Round-up
Who were the biggest winners and losers on Wednesday?
The winning sectors in the stock market on Wednesday were NIFTY PHARMA, NIFTY MEDIA, and NIFTY AUTO, which rose 0.78%, 0.27% and 0.08%, respectively. Cipla, Dr. Reddys Labs, and Tata Motors emerged as the top-performing stocks, edging up 3.5%, 2.18%, and 1.76%, respectively. Meanwhile, Bajaj Finance, Bajaj Finserv, and NTPC were trading among the top stock losers, shedding 2.95%, 1.85%, and 1.46%, respectively.
Data
Take a look at the global markets
In Asian markets, the Shanghai Composite Index plunged 0.81% to 3,058.71 points while the Hang Seng Index declined 0.23% to 17,732.52 points on Wednesday. In the US market, NASDAQ ended in the red, falling 34.24 points, or 0.25%, to 13,533.75 points.
Commodities
INR gains 0.01% against the US Dollar
The Indian Rupee (INR) edged up 0.01% to Rs. 83.26 against the US Dollar in the forex trade. Both gold and silver futures witnessed a rise. The price of gold futures rose 1.04% to Rs. 59,835, while that of silver futures climbed 1.44% to Rs. 72,598. On the other hand, the crude oil futures edged up by $3.03, or 3.5% to $89.41 per barrel.
Data
No changes in fuel prices on Wednesday
Fuel prices in Delhi remain unchanged on Wednesday, with diesel priced at Rs. 89.66/liter and petrol at Rs. 96.76/liter. Meanwhile, in Mumbai, diesel costs Rs. 94.25 per liter and petrol is priced at Rs. 106.29 per liter.
Crypto
How have the popular cryptocurrencies moved today?
Bitcoin is currently trading at $28,278.80, which is a 0.63% decrease from yesterday. Ethereum, the second most popular token is down by 1.27% and is currently trading at $1,570.60. BNB and Cardano are trading at $213.33 (0.17% up) and $0.2465 (1.90% down), respectively. Dogecoin is trading at 1.45% lower than yesterday at $0.05911.