Mumbai: Equity benchmark Sensex dropped 135 factors on Wednesday, weighed by losses in index majors HDFC Bank, Reliance Industries and Kotak Bank.
The 30-share BSE index ended 135.05 factors or 0.26 per cent decrease at 52,443.71, whereas the broader NSE Nifty slipped 37.05 factors or 0.24 per cent to fifteen,709.40.
Kotak Bank was the highest loser within the Sensex pack, shedding over 2 per cent, adopted by Dr Reddy’s, M&M, PowerGrid, NTPC, Nestle India and HDFC Bank.
On the opposite hand, Bharti Airtel, Tata Steel, IndusInd Bank and Bajaj Finserv have been among the many gainers.
“Domestic equities extended losses as weak cues from global markets triggered by selling pressure in Chinese tech stocks due to regulatory overhang weighed on sentiments,” stated Binod Modi, Head Strategy at Reliance Securities.
Further, persistent promoting strain in financials led by issues over asset high quality dragged the benchmark index. However, optimistic cues from European markets and purchase on dips helped market to get well from the day’s low within the second half, he added.
Elsewhere in Asia, bourses in Shanghai and Tokyo ended with losses, whereas Hong Kong and Seoul closed with positive factors.
Equities in Europe have been buying and selling on a optimistic notice in mid-session offers.
Meanwhile, worldwide oil benchmark Brent crude superior 0.76 per cent to USD 74.08 per barrel.Â
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