Business

Closing Bell: Stock Markets End Flat On Mixed Global Cues

Closing Bell: Equity benchmarks declined in initial trade on Wednesday after rallying in the past two days amid mixed trends in global markets and foreign fund outflows. The equity markets closed flat with Nifty settling at 18,122 while Sensex Slips 17 Points or 0.03 percent at 60,910.

The 30-share BSE Sensex declined 213.66 points to 60,713.77. Midcap Index Gains 42 points to 31,326 while Nifty Bank slips 32 points or 0.07 percent to 42,828.  The broader markets closed primarily in green, with Nifty Microcap 250 gaining 0.6 percent.

Rupee ends at 82.86 against the US Dollar. Oil & gas and power indices gained 1 percent each.

Oil dipped amid thin liquidity as investors weighed the fallout from a Russian ban on exports to buyers that adhere to a price cap.

Also read: Opening Bell: SGX Nifty Indicates An Opening In Red For Indian Market

Bitcoin price today continued to decline with the world’s largest and most popular digital token trading over a per cent lower at $16,647. The global cryptocurrency market cap today remained below the $1 trillion mark, as it was down in the last 24 hours to $839 billion.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, was almost down 2 percent at $1,197. Meanwhile, dogecoin price today was trading over 4 percent lower at $0.07 whereas Shiba Inu was down 2 percent at $0.000008.

US markets ended with losses. S&P 500 fell by 15.57 points or 0.40 percent to 3,829.25 while Nasdaq Composite was down 144 points or 1.38 percent at 10,353.20 on losses incurred by Tesla. Meanwhile, Dow 30 finished at 33,241.60, up 37.63 points or 0.11 percent.

Asian benchmark indices traded mix. The equity markets in Seoul, Tokyo were trading lower, while Shanghai and Hong Kong quoted in the green.

Tokyo shares closed lower on Wednesday, following falls in US high-tech shares and with investors treading carefully after Tokyo’s announcement on Covid-19 test requirements for travelers from mainland China.

The broader Topix index slipped 0.06 percent, or 1.13 points, to 1,909.02. Nikkei 225 of Japan dipped 107.37 points or 0.41 percent at 26,340.50. Hong Kong’s Hang Seng rose by 305.85 points or 1.56 percent to 19,898.91.

China’s Shanghai Composite closed at 3,087.57, up 8 points or 0.26 percent. It ended in the negative territory.

South Korea’s KOSPI dropped 54.57 points or 2.34 percent to 2,278.22.

FTSE TWSE Taiwan 50 Index fell 121.02 points or 1.11 percent to 10,763.22.

Spriha Rai

Recent Posts

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

35 mins ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

1 hour ago

JD Vance Resignation Claim Is False; Confirms No Credible Source

Viral claims about US Vice President JD Vance resigning due to tensions between Donald Trump…

2 hours ago

Vikrant Massey Shares Adorable ‘Monkey Business’ Moment With Son In Naples

Actor Vikrant Massey, currently enjoying a family holiday in Naples, Italy, delighted fans by sharing…

2 hours ago

Trending: Eid Al-Adha 2025: The Festival Of Sacrifice Brings Communities Together

Eid al-Adha, also known as Bakri Eid or the festival of sacrifice, stands as one…

3 hours ago

Overcoming Procrastination: Strategies That Help

Discover practical strategies to overcome procrastination, improve focus, and build habits that drive consistent productivity.

3 hours ago