The Indian equity markets closed in the red on Wednesday due to weak global sentiments.
At closing, Sensex was down 398 points, or 0.49 per cent, at 81,523 and Nifty was down 122 points, or 0.49 per cent, at 24,918.
Selling was led by banking stocks. Nifty Bank was down by 262 points, or 0.51 per cent, at 51,010.
In the Sensex pack, Tata Motors, SBI, Wipro, NTPC, L&T, M&M, JSW Steel, IndusInd Bank, Tata Steel, and Reliance were the top losers.
Asian Paints, Bajaj Finance, Sun Pharma, HUL, Bajaj Finserv, ITC, Bharti Airtel and Kotak Mahindra were the top gainers.
Among the sectoral indices, Auto, IT, PSU Bank, Fin Service, metal, realty, and energy index were major gainers. FMCG and consumption were major laggards.
Vaibhav Vidwani, Research Analyst, Bonanza Portfolio said: "This decline was largely attributed to a cautious sentiment among investors ahead of the upcoming U.S. consumer inflation data, which is expected to influence future interest rate decisions by the Federal Reserve."
Mandar Bhojane, Research Analyst of Choice Broking said: "On the daily chart, the Nifty is taking support from a rising trend line and has formed a bearish candle. The Nifty has strong support near the 24,800 level. If it breaks this level, it could potentially correct down to 24,600 and 24,400 in the short term. On the flip side, 25,200 acts as a resistance level, and the price may remain sideways within a wide range of 24,800 to 25,200."
The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 2208 crore on September 10, while domestic institutional investors sold equities worth Rs 275 crore on the same day.
In early trade, at 9.45 a.m., Sensex was up 69 points, or 0.09 per cent, at 81,990 and Nifty was up 29 points, or 0.12 per cent, at 25,070.
India's growth becoming more balanced as private consumption's share in GDP rises
The good news is that India’s growth is becoming more balanced as private consumption’s share in GDP rose in fiscal 2025, according to a Crisil report.
New SEBI chairman spells out 4-point mantra for capital markets regulator
The new SEBI Chairperson, Tuhin Kata Pandey, has a four-point mantra in mind -- trust, transparency, teamwork and technology -- for ensuring the continued efficiency of the capital markets regulator.
India's coal production sees 5.73 pc growth in April-Feb period to reach 928.95 MT
Cumulative coal production reached 928.95 million tonnes (MT) in the April-February period this fiscal (FY25), reflecting a 5.73 per cent increase compared to 878.55 MT in the same period last year, the government said on Saturday.
Eager to join Assam’s transformational journey: Gautam Adani
Assam is on a path to greatness amid several ongoing transformative projects and we are honoured to walk this path alongside you, Gautam Adani, Chairman of the Adani Group, said here on Tuesday.
Adani Group to invest Rs 50,000 crore in Assam to boost infra, create jobs
The Adani Group on Tuesday announced a massive Rs 50,000 crore investment in Assam, marking one of the highest-ever investment commitments by a business group to the state.
Indian stock market opens higher, Sensex above 74,600
Nifty Bank was up 33.70 points or 0.07 per cent at 48,685.65. Nifty Midcap 100 index was trading at 49,688.40 after declining 324.70 points or 0.65 per cent. Nifty Smallcap 100 index was at 15,382.20 after dropping 95.10 points or 0.61 per cent.
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.
Gautam Adani hails MP's investment readiness, transformative leadership of PM Modi, CM Yadav
Announcing a whopping Rs 1.10 lakh crore investment and creation of 1,20,000 lakh jobs by the end of the decade, India’s top businessman Gautam Adani lauded the transformative leadership of Prime Minister Narendra Modi and Chief Minister Dr Mohan Yadav,