Market Closing Updates: Key Benchmark indices BSE Sensex and Nifty ended lower on Wednesday, dragged down by losses in banking stocks amid weak global market trends.
The 30-share Sensex fell 168.08 points or 0.28% to close at 59,028.91It decreased by 474.1 points or 0.80% over the day to 58,722.89.The NSE Nifty dipped 31.20 points or 0.18% to 17,624.40.
IndusInd Bank, Mahindra & Mahindra, Maruti, Bharti Airtel, State Bank of India, Tata Steel, ICICI Bank, and HDFC were the Sensex pack's biggest laggards. Among the winners were UltraTech Cement, Tata Consultancy Services, Sun Pharma, Wipro, and Bajaj Finance.
According to exchange data, foreign institutional investors (FIIs) were net purchasers on Tuesday, purchasing shares worth Rs. 1,144.53 crore.
International Markets: During the mid-session trades, European stocks were primarily trading lower. On Tuesday, the U.S. markets recorded a negative closing price. Shanghai closed in the black, but markets in Seoul, Tokyo, and Hong Kong ended lower. The U.S. Dollar increased as the markets were taken aback by unexpected economic statistics. Unexpectedly, the August ISM services PMI increased from 56.7 to 56.9 in the previous month.
Crude Oil: In the meantime, the benchmark Brent crude price increased globally by 0.99% to $93.75 per barrel. Indian Rupees Versus US dollars: In keeping with a strong dollar in international markets and losses in domestic equities, the rupee fell 7 paise on Wednesday to settle at Rs. 79.89.
At the interbank foreign exchange market (FOREX), the domestic currency opened at Rs.79.93 per dollar. The rupee hovered in a range of Rs.79.84 to Rs.79.94 during the session. However, weak crude oil prices and foreign fund inflows cushioned the downside.
Top Cryptocurrency, Bitcoin prices today, Sept. 7
FPI inflows surpasses 20-month high of Rs51,200 cr in August
Govt approves provision of pulses to states at discounted rates