Sensex slips to 51,823 points, Nifty settles below 15,450
On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall after a two-day relief rally. The Sensex plunged 1.37% to 51,823 points, while the Nifty fell 1.46% to 15,413 points. The midcap indices were also in a bearish mode as the Nifty Midcap 50 plunged 111.85 points, or 1.57%, to 7,119.7. Here are more details on the markets' performance on Wednesday.
BPCL, Hero Motocorp, and TCS emerged as the top-performing stocks on Wednesday, edging up 1.56%, 1.01%, and 0.34%, respectively. Among the top losing sectors were NIFTY METAL, NIFTY MEDIA, and NIFTY COMMODITIES, which slipped by 5.12%, 3.63%, and 2.76%, respectively. Among the biggest stock losers were Hindalco, UPL, and Tata Steel, which plunged 6.72%, 6.2%, and 5.28%, respectively.
The Indian rupee (INR) on Wednesday weakened against the US Dollar, plunging 0.32% to settle at Rs. 78.33. On the other hand, the gold futures witnessed little movement, ending flat at Rs. 50,685, while the silver futures tumbled by 1.31% to Rs. 60,470. Separately, the crude oil futures also slipped by 4.16% to settle at $104.69 per barrel.
Coming to Asian markets, the Hang Seng Index on Wednesday slipped 551.25 points, or 2.56%, to 21,008.34, while the Nikkei rose 96.76 points, or 0.37%, to 26,149.55 points. Meanwhile, in the US market, NASDAQ closed on a positive note, gaining 2.51% to 11,069.3 points.
The world's most popular cryptocurrency Bitcoin is selling at $20,405.59, which is down 3.72% compared to yesterday. Meanwhile, Ethereum is down by 5.82% and is currently trading at $1,090.82. Tether, BNB, and Cardano are listed at $0.9991 (flat), $214.47 (3.38% down), and $0.4717 (5.62% down), respectively. Finally, Dogecoin is trading at $0.0626 which is the same value as yesterday.
The fuel prices in Delhi remain unchanged on Wednesday, with diesel priced at Rs. 89.66/liter and petrol costing Rs. 96.76/liter. Meanwhile, in Mumbai, diesel costs Rs. 97.26/liter and petrol is priced at Rs. 111.33/liter.